PROJECT

Projects

Environmental Review Summary

Project Number

11697

Company Name

Niko Resources Ltd

Date ERS Disclosed

Dec 20, 2002

Country

India

Region

South Asia

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Apr 29, 2003
Signed : Jun 19, 2003
Invested : Aug 12, 2003

Sector

Oil and Gas Production (Includes Development)

Industry

other

Department

Gbl Infrastructure & Natural Resources

Project Description

Niko Resources Limited (Niko) is a Calgary-based Canadian oil and gas company, with its operations focused in India. Indian operations account for 99% of the company''s total revenue and 70% of its total assets. The project entails provision of a corporate loan of up to $40 million to support growth of the company''s oil and gas activities in India.

Environmental and Social

Conclusion & Monitoring