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Reuters: Shell hopes to get $7 bln loans for Sakhalin-2

Monday 13 March 2006, 4:53am EST
MOSCOW, March 13 (Reuters) – Royal Dutch Shell said on Monday it expected international financial organisations to disburse up to $7 billion in loans to help it finance its huge $20-billion oil and gas project off Russia's Sakhalin island.
The banks involved in talks are the European Bank for Reconstruction and Development, Japan's JBIC, U.S. Eximbank and United Kingdom Export Credit Guarantee Department, Shell's exploration and production chief Malcolm Brinded told a conference in Moscow. “(Those four) are expected together to provide one third of finance at $6-$7 billion … It would be the largest international financing in any sector,” he said.

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