Volga | Materials, extraction

LUKOIL loans $2.1bn to its Perm subsidiary

10 Feb '09
Oil giant LUKOIL is to give out a $2.1bn loan to its subsidiary in Perm region LUKOIL-Permnefteorgsintez, the company reports.

The funds are due for repayment by December 31, 2009, but can be prolongated for another year.

The interest rate has yet to be disclosed.
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