Lukoil borrows $200mn for Shah Deniz

February 28, 2014

Lukoil Overseas has signed an agreement to draw the second $200mn tranche of a loan from the EBRD for developing the gas condensate field Shah Deniz in Azerbaijan. The $380mn loan was attracted for five years at LIBOR plus 1.5%. Lukoil is going to invest $213mn in the first stage of the deposit’s infrastructure whose total cost is estimated at $2.12bn.

Copyright: ProNedra, 2014