VOL. XLV

No 7

18-February-2002

CASPIAN

Kazakoil Signs Loan For RefineryOverhaul

Kazakstans state oil and gascompany KazakOil on 7 February signed a $35.25mn loan with a Marubeni-led syndicatethat will go towards overhauling the Atyrau refinery. Japans Bank forInternational Cooperation (JBIC) has already agreed to provide a $200mn loan inthe form of a 10-year credit with a five-year grace period. KazakOil awardedthe contract to refurbish the refinery in December last year (MEES, 10December 2001)....