EBRD lends Algeria 500 mln euro for energy project.Summary: The European Bank for Reconstruction and Development European Bank for Reconstruction and Development Bank targeted at Eastern Europe and the former Soviet Union. (EBRD EBRD See: European Bank for Reconstruction and Development ) has invested 500 million euro in an Algerian energy project, it was announced on Saturday. The European Bank for Reconstruction and Development (EBRD) has invested 500 million euro in an Algerian energy project, it was announced on Saturday. The loan is to fund a natural gas project which links Algerian natural gas lines with Europe, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a statement issued by the Ministry of Industry and Promotion of Investments. The gas pipelines connect Beni Saf area, western Algiers, with Spain through the Mediterranean Sea Mediterranean Sea [Lat.,=in the midst of lands], the world's largest inland sea, c.965,000 sq mi (2,499,350 sq km), surrounded by Europe, Asia, and Africa. Geography The Mediterranean is c.2,400 mi (3,900 km) long with a maximum width of c. .Aa The ministry added that the project would enable Europe to benefit from the natural gas which fell within EBRD's plan in directing investment towards North Africa, especially the west Arabian side. Copyright UMCI News Provided by Syndigate.info an Albawaba.com company |
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