Middle East Economic Survey
EBRD Loans Lukoil $180Mn For Shah Deniz Investment
The European Bank for Reconstruction and Development (EBRD) will loan two subsidiaries of Russias Lukoil Overseas $180mn that will be used to cover the companys investment in Azerbaijans Shah Deniz Project. EBRD on 28 July said the money would help Lukoil Overseas manage its 10% stake in the Shah Deniz/South Caucasus Pipeline projects. These BP-led endeavors aim to develop the...