Business Standard

Monday, January 06, 2025 | 12:23 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

AIIB approves $600 mn loan for Azerbaijan

Image

IANS Beijing

The Asian Infrastructure Investment Bank has approved a loan of $600 million for an energy project in Azerbaijan, the bank said on Thursday.

The loan, the largest the bank has made, would be used to support construction of Trans Anatolian Natural Gas Pipeline Project from Azerbaijan through Turkey, reports Xinhua news agency.

Once completed the pipeline would transport natural gas from Azerbaijan fields into Turkey and then on to markets in southern Europe.

--IANS

in/mr

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 22 2016 | 1:34 PM IST

Explore News