Russian oil producer OAO Lukoil Holdings (LKOH.RS) said Friday it has made an advance payment of $500 million on a $1.2 billion loan obtained last year in August.
Russian oil producer OAO Lukoil Holdings (LKOH.RS) said Friday it has
made an advance payment of $500 million on a $1.2 billion loan obtained last
year in August.
Lukoil said the advance payment on the loan, which was secured against oil
export contracts and had a three-year maturity, proves the company's
"strong financial position and sufficient liquidity level."
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