Asian Infrastructure Investment Bank (AIIB) announced that its board of directors has approved a USD$600 million loan to increase the reliability and security of Turkey’s gas supply. The project, co-financed with the World Bank, is AIIB’s first project to be financed in Turkey. The project will raise the capacity of the Tuz Golu underground gas storage facility by 4.2 billion cubic meters (bcm) per year—from 1.2 bcm to 5.4 bcm—and will help improve Turkey’s energy security and reduce the carbon …

AIIB Approves $600M Loan For Turkey’s Gas Supply Project appeared first on China Money Network.


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