ABC.az: EBRD Endorsed a Loan for Russian LUKOIL for Shah Deniz 2 Works

The European Bank of Reconstruction & Development (EBRD) is ready to give a syndicated loan intended for financing of LUKOIL’s liabilities on gas production operations at Shah Deniz 2.

The Bank reports that the EBRD Board of Directors approved the loan project on 22 July 2015.

“Preparation for signing of a relevant agreement is underway,” the Bank said.

Read the full article HERE.