EBRD funds Petrolinvest in Kazakhstan

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11 March 2010

The European Bank for Reconstruction and Development has approved a convertible loan to finance the completion of Petrolinvest oil exploration works in Kazakhstan.

The European Bank for Reconstruction and Development (EBRD) has approved a $50 million convertible loan to Petrolinvest to finance the geological and drilling works at the OTG and Emba-Yug-Neft licenses in western Kazakhstan.

Petrolinvest,...

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