LLUKoil has raised $500 mln. and 17 bln. roubles - approx. $476 mln. - in loans from Sberbank Friday
The funds were borrowed to increase the company's working capital.
As reported earlier, on February 9 the company also received an unsecured three-year loan worth 1 bln. euroes from Gazprombank at a fixed interest rate of 8 percent per year.
The company raised the funds for general corporate purposes, including the extension of loans to its subsidiaries and affiliates, as well as the redemption of earlier loans.