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
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Lukoil To Develop Azerbaijan Field And Build Pipeline
LUKoil's operator of foreign projects Lukoil Overseas signed yesterday an agreement with the European Bank