Luxembourg, 07/03/2002 (Agence Europe) - The European Investment Bank (EIB) has granted a 90 million euro loan to the Turkish National Oil and Gas Company to contribute to the establishment of the country's first major gas storage facility. The project, which will provide about 1.9 Giga cubic metres of working gas capacity, concerns the conversion of two depleted gas fields, one onshore and one offshore, located in the Thrace region. The EIB stipulates, in a press release, that there are currently no gas storage facilities in Turkey, other than storage tanks of limited capacity located on the shores of the Bosphorous.
Since 1995, the EIB has provided Turkey with loans for some one billion euro.