EIB Plugs $206M Into Tunisia's Energy Sector

Law360, New York (March 4, 2014, 2:40 PM EST) -- The European Investment Bank will loan the Tunisian Co. of Petroleum Activities €150 million ($206.05 million) toward the operation of the Nawara concession, the companies said on Tuesday, in a deal designed to help the company develop clean energy.

Natural gas was discovered in the Nawara concession – which is located in South Tunisia – in October 2010 by Austria-based oil and gas company OMV Group. In addition to enabling the Tunisian Co. of Petroleum Activities, or ETAP, to develop more clean energy for the country,...
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