EBRD refuses to allocate loan for oil development on Turkmen shelf of Caspian Sea


The European Bank for Reconstruction and Development (EBRD) has canceled the allowance of loan to Turkmenistan, intended for the development of oil fields on the Turkmen shelf of the Caspian Sea, the official Turkmen media reports on February 7.

CMI Offshore tried to get a loan from EBRD for 5 years...