$3 million to boost Kyrgyz’s oil sector
Kyrgyzstan is receiving $3 million (£1.8m) to increase the number of fuel stations in the country.
The Kyrgyzstan Investment and Credit Bank (KICB) and the European Bank for Reconstruction and Development (EBRD) is providing the loan.
Aida Sitdikova, EBRD Director for Energy and Natural Resources Russia and Central Asia said: “The Bank’s support to small and medium-sized businesses in the Kyrgyz Republic is well demonstrated by this engagement with Standard Oil, a dynamic and growing fuel-retail operator.”
This is the 10th investment made by the EBRD and KICB together since 2012.
- Energy live
- Published on:
- May 21, 2015
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