Lukoil raises $660 million to finance part of construction costs for gas processing plant in Uzbekistan
AKIPRESS.COM - 
Lukoil has raised a $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, the company said.
Lukoil Overseas Uzbekistan Ltd. acts as a borrower. The loan was provided by ING Bank, UniCredit Bank and Deutsche Bank. Insurance is provided by the Korea Trade Insurance Corporation (K-Sure).
The agreement represents a new level of financial cooperation between the Republic of Uzbekistan, the Republic of Korea and Lukoil Group and confirms high investment prospects of projects in the region.