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Friday, February 13, 2009

Lukoil cashes up with $1.3bn loan

02-11-2009 - Upstream OnLine - Russia’s Lukoil has lined up a three-year €1 billion (US$1.3 billion) unsecured loan facility from Gazprombank. The facility has a fixed interest rate of 8% per annum said Lukoil in a statement. Proceeds from the loan will be used for general corporate purposes, including loans for subsidiaries and affiliates and also for the repayment of other bank loans.

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