ANNOUNCEMENT 12 Dec 2014In December 2014, the government of Italy announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
On 12 December 2014, the Italian Eximbank SACE announced in a press release that it would guarantee 400 million EUR from an export credit for the STAR project. The underlying part of the project was awarded to 50 Italian companies, inter alia SAIPEM.
The Socar Turkey Aegean Refinery (STAR) project is worth in total 4.4 billion EUR and envisages the construction of a greenfield refinery in Aliaga, Turkey.