Arts & Culture 
 Business 
 Environment 
 Government 
 Health 
 Human Rights 
 Military 
 Philosophy 
 Science 
 U.S. Asian Policy 


Home > South Asia > 

IOC raises 50 million dollar loan from Citibank
ANI
10/23/2003

New Delhi: The Indian Oil Corporation has raised a 50 million dollar loan from Citibank, Bahrain to take care of its oil import expenses for the next six months. IOC entered into the short-term loan agreement with Citibank last week. Earlier, IOC had entered into a loan agreement with BNP Paribas, Singapore, for raising 100 million dollars for a year, a company press release said here. P Sugavanam, Director (Finance), IOC, and Sankar Krishnan, Regional Manager (Middle East, South Asia and North Africa), Citibank signed the agreement in Dubai. The IOC plans to import over 30 million tons of crude oil in the current fiscal.

© Copyright 2002-2007 AFAR