Government chartered banks step up oil and gas lending

Journal Article · Mon Oct 17 04:00:00 EDT 1994 · Oil and Gas Journal; (United States)

OSTI ID:6847695

Crow, P

International government chartered banks are playing an increasingly prominent role in lending for world oil and gas development projects. The main players are the World Bank's International Finance Corp. (IFC), European Bank for Reconstruction and Development (EBRD), US Export-Import Bank, and Overseas Private Investment Corp. (OPIC). Those institutions and similar ones are the catalysts for a large number of projects in the former Soviet Union (FSU) and in other nations that are seeking to develop oil and gas resources and build processing plants, pipelines, and distribution networks. Banks also are taking a greater degree of interest in the environmental aspects of projects. In country after country, especially in the developing world, barriers to foreign investment in domestic petroleum sectors are falling. Oil and gas law reforms are under way on each continent. The paper discusses the major players, the World Bank grouped, the Romanian example, the Ex-Im Bank, OPIC, the emphasis on FSU, environmental issues, and new sources of capital in developing countries.

• OSTI ID: 6847695
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 92:42; ISSN 0030-1388; ISSN OIGJAV
• Country of Publication: United States
• Language: English

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CAPITAL
DEVELOPING COUNTRIES
ECONOMIC DEVELOPMENT
ECONOMIC POLICY
FINANCIAL ASSISTANCE
FINANCIAL INCENTIVES
FINANCING
GEOLOGIC DEPOSITS
GLOBAL ASPECTS
GOVERNMENT POLICIES
INDUSTRY
INVESTMENT
LENDING INSTITUTIONS
MINERAL RESOURCES
NATURAL GAS DEPOSITS
NATURAL GAS INDUSTRY
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
RESOURCE DEVELOPMENT
RESOURCES