Project finance bankers ready balance sheets for Gazprom and Socar

Oil pipeline 230x150
By Michael Turner
15 May 2014

The project finance market is readying $12.5bn of loans for two separate deals for energy firms Gazprom and Socar, with a $3.5bn deal for Socar’s Star refinery due by the end of May.

Socar, the state oil company of Azerbaijan, is due to sign a debt facility of around $3.5bn on May 27 for the construction of its $5bn Star refinery in Turkey.

Commercial banks, development banks, multilateral agencies and export credit agencies will all provide financing or guarantees to the ...

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