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Article

1 Apr 2002

Author:
Ilyse Hogue, Multinational Monitor

Citigroup Controversy: Ecuador’s OCP Pipeline [oil pipeline]

Citigroup denies any involvement with the OCP Pipeline, since it is not the direct financier of the project. But it was lead arranger for a $200 million line of credit for Perez Companc that was provided the financial stability the company needed to participate in the pipeline venture.

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