Siberia | Materials, extraction

Irkutsk Oil Company to get $114m from EBRD

16 Feb '09
Irkutskaya Neftyanaya Kompaniya (Irkutsk Oil Company) is to take out a $114m loan with European Bank for Reconstruction and Development, Interfax reports.

The funds are reportedly to be spent under a gas recovery project at Yaraktinsky deposit, to finance drilling works and to refinance the companys debts.
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Locations: Irlutskaya oblast

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