EBRD to Support Energy Projects in Azerbaijan and Turkmenistan
OREANDA-NEWS. September 10, 2008. The European Bank of Reconstruction and Development (EBRD) is ready to continue its participation in Caspian oil and gas projects.
EBRD Principal Banker Olwyn Buldhoo said the Bank has a successful experience in crediting and financing of the large energy projects in Azerbaijan.
“We are ready to continue this practice in the country and apply it in Turkmenistan. It is important to reconsider EBRD strategy on Turkmenistan in autumn 2009,” Mr. Buldhoo said.
Credit portfolio on Azerbaijan exceeds EUR 700 million while on Turkmenistan it still makes around EUR 541 million.
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