LUKOIL raised a loan to finance a part of the construction costs for GPP in Uzbekistan

In 2015, the document was prolonged for another seven years – until 2046. The total investment by Lukoil in all its projects in Uzbekistan has already exceeded $7 billion. During 15 years of work in the country, the company took part in some of the largest projects, such as development of Khauzak, Shady, South-West Gissar and Kandym fields.

Lukoil, Uzbekneftegaz start up Kandym gas processing complex. In a separate release on Apr. 19, Lukoil said it raised a 10-year, $660-million loan from ING Bank, UniCredit Bank, and Deutsche Bank to finance part of incurred construction costs for the kandym gas plant. lukoil holds 90% interest in the Kandym project and Uzbekneftegaz holds 10% interest.

The loan, which has already been approved by Uzbek authorities, will beused to finance development of the Kandym fields and to increase production inthe Khauzak-Shady area, a Lukoil statement said. "Such financing is the first large-scale loan to a private companyoperating in the fuel and energy industry of Uzbekistan," the statement said.

Lukoil also said on Thursday it has raised a $660 million loan to finance part of the cost of building the gas plant in Uzbekistan. Lukoil is working in the country under a production-sharing agreement that accounts for a quarter of all of Uzbekistan’s gas output.

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Lukoil raised a $660 million loan "with ten years maturity to finance part of the incurred construction costs" for the plant, the company said.. Uzbekistan to invest $33 billion in oil and gas.

Gas Processing Industry Outlook in Former Soviet Union to. – Apr 19, 2018: Lukoil Raised Loan To Finance A Part Of Construction Costs For GPP In Uzbekistan 35 5.3. Former Soviet Union Gas Processing Industry, Recent Contracts in Uzbekistan 35 5.3.1. Frames Secures Contract From Lukoil and Uzbekneftegaz 35 6. Former Soviet Union Gas Processing Industry.

Apr 19 18. LUKOIL has raised a USD 660 million loan with a ten years maturity to finance a part of the incurred construction costs for gas processing plant at the Kandym field in the Republic of Uzbekistan. LUKOIL Overseas Uzbekistan Ltd. acts as a borrower. The loan was provided by ING Bank, UniCredit Bank and Deutsche Bank.

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