USD 64.2548

-0.11

EUR 70.8473

-0.08

BRENT 58.95

+0.11

AI-92 42.16

+0.05

AI-95 45.93

+0.05

AI-98 51.82

-0.03

Diesel 46.15

+0.11

16

Lukoil To Develop Azerbaijan Field And Build Pipeline

LUKoil's operator of foreign projects Lukoil Overseas signed yesterday an agreement with the European Bank

LUKoil?s operator of foreign projects Lukoil Overseas signed yesterday an agreement with the European Bank for Reconstruction and Development to attract loan facility to the extent of US$180 million for a term of 12 years.

$110 million of the loan will be spent on financing Company's expenses for development Shakh-Deniz deposit in Azerbaijan. The remained US$70 million will be used for construction of South-Caucasian pipeline.

The deposit reserves are estimated at 625 bcm of gas and 101 million tones of condensate