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Lukoil 'in $1bn cash hunt'



By Upstream staff 

Russia's top oil producer Lukoil wants to raise over $1 billion in three syndicated loans, a banking source claimed today.

"They want three loans including two mid-sized and one big for a total of over $1 billion," the source told Reuters. "One loan for about $250 million is meant to refinance an earlier borrowing".

He added Lukoil would seek a maturity of over five years for the biggest loan.


Monday, 12 March, 2007, 12:41 GMT  | last updated: Monday, 12 March, 2007, 12:41 GMT

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