Bulgarian oil refinery Lukoil
Neftochim Burgas, a subsidiary of Russian oil
company Lukoil, has received a 420 million euro
($576 million) credit line from several European
banks to finance upgrades, Italy's export credit
agency said on Thursday.
The ten-year loan, which will be 95% covered by
the Italian agency, SACE, was provided by Societe
Generale, acting as global coordinator, mandated
lead arranger (MLA) and lender, BNP Paribas,
acting as facility agent, MLA and lender, ING
Bank, acting as environmental agent, MLA and
lender, UniCredit Group acting through UniCredit
Bank Austria acting as MLA and lender and
UniCredit SpA acting as MLA and SACE agent, the
agency said in a statement.
The Bulgarian refinery is being upgraded under a
lump sum turnkey contract that it has concluded
with Paris-based oil and gas engineering services
supplier Technip, it added.