The World Bank will provide $400 million of additional financing for Turkey's first gas storage facility in its underground salt formation at Tuz Golu.
Uganda has been given a $140 million loan from the World Bank to upgrade facilities in the Albertine region to meet the infrastructure and skills requirement needed for its launch as a soon to be oil and gas producing country.
Hungarian lawmakers approved Monday a multi-billion-euro loan from Russia for an upgrade of the country's only nuclear power plant, a deal critics say increases Hungary's dependence on Moscow.
An independent commission has blocked the Papua New Guinea government from taking up a A$1.2 billion loan it lined up to buy a 10 percent stake in PNG oil and gas producer Oil Search, Radio New Zealand reported on March 25, Reuters has said.
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%.
Sete Brasil Participacoes SA, the closely held oil-rig supplier that counts Petroleo Brasileiro SA (PETR4) and Banco BTG Pactual SA (BBTG11) among its stakeholders, was approved for an 8.8 billion reais ($3.7 billion) loan from Brazil’s development bank, Bloomberg report
Rosneft announced on December 23 it repaid part of a loan obtained earlier from a group of international banks to finance the acquisition of TNK-BP.
Gazprom Neft has signed a $2.15 billion club term facility agreement with a group of international banks, Gazprom Neft’s press service said on December 3.
Russia’s Gazprombank has extended a $1 million loan to Venezuela’s oil company Petroleos de Venezuela (PdVSA) for increasing oil production by the Petrozamora JV, Itar-Tass reported on November 29.
Russian power producer Wholesale Generating Company-2 (WGC-2) has signed an agreement to take out a 2 billion ruble 3-year loan from gas giant Gazprom at an annual interest rate of 8%, Prime reported on October 17, citing WGC-2.