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Article: Peru: IFC aids BPZ to raise capital for Peru oil project.
- Article from:
- TendersInfo
- Article date:
- November 12, 2008
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Byline: manish03
The World Banks International Finance Corp said on Monday it will lend $15 million to oil and gas exploration company BPZ Resources BZP.A and help raise $200 million from commercial banks for its Peruvian operations amid tight global credit markets.
IFC, the World Banks private sector lender, said the loans will support BPZs drilling program in the offshore Corvina oil and gas field and the start-up of its Nueva Esperanza power plant, which will be ...