Algeria picks Dutch ING Bank for financing new tanker

Published February 1st, 2005 - 10:53 GMT
Al Bawaba
Al Bawaba

The Dutch ING BANK was selected Monday in Algiers for the financing of the acquisition by Algeria of a second LPG tanker of medium size (Med-Max 2) of a transport capacity of 75,500 m3 of liquefied natural gas (LNG), following a public session of opening of banking tenders, <i>APS</i> reported.

 

This bank was selected, among four others, for having presented the most interesting bid in the field of the debt service at $5 million by half year, the agency added.