JGC Energy Development
EIIB EXITS MAJOR US OIL VENTURE
Sun, 2011-06-19 12:59 — newsdeskThe European Islamic Investment Bank (EIIB) has declared its first exit from an extremely successful oil venture in the US.
London-based EIIB had invested $17.5 million in acquiring a 78 per cent stake in TriTech. TriTech has now decided to sell its assets in the field for around $65m to JGC Energy Development (USA). Tha transaction is expeccted to be done within 45 days.
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