GEORGIA: EBRD TO FUND CASPIAN OIL PIPELINE.(European Bank for Reconstruction and Development) From: IPR Strategic Business Information Database | Date: November 23, 2003 | COPYRIGHT 2003 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

The European Bank for Reconstruction and Development (EBRD) announced in an 11 November press release that it has approved financing of $125 million for the $3.6 billion Baku-Tbilisi-Ceyhan (BTC) oil pipeline with an additional $125 million in financing to be raised through syndication to commercial banks. One week earlier, the International Finance Corporation (IFC), the investment arm of the World Bank, approved a $310 million loan for the BTC. According to BP, which heads the 11...