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China Eximbank provides RMB 450 million loan for construction of land drilling rig in Libya
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | China Oilfield Services Limited (COSL) |
| Country | Libya |
| Start Date | Apr 01, 2009 |
| End Date | Dec 11, 2028 |
| Duration | 7,194 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 105809 |
Grant Description
China Eximbank provides RMB 450 million loan for construction of land drilling rig in Libya In April 2009, China Oilfield Services Limited obtained an RMB 450,000,000 loan from China Eximbank for the construction of a land drilling rig in Libya.
The loan repayment was set to begin on April 7, 2011 and reach maturity in 2015, with installments amounting to RMB 90 million annually.
Sources & References
China Oilfield Services Limited 2009 Interim Report Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
China Oilfield Services Limited (COSL)
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