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Essar Oil drills advance payment based loan

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By Shruti Chaturvedi
22 Jan 2015

Oil offtaker Oil Bridge is in the market for a $180m 23 month loan. The proceeds will go to Indian integrated oil company Essar Oil, which has entered into an advance payment agreement with the offtaker. The loan comes backed by an export performance bank guarantee from State Bank of India.

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By Shruti Chaturvedi
22 Jan 2015