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The Moscow Times: Gazprom Raises $2Bln Loan

Monday, April 23, 2007. Issue 3642. Page 8.

Gazprom raised $2 billion in syndicated loans to help pay for a controlling stake in Shell’s Sakhalin-2 project, Interfax reported Friday, citing an unidentified banker.

Two loans of $1 billion each were organized by Societe Generale and ABN Amro Holding, Interfax reported. Gazprom needs the money to pay $7.45 billion for a controlling 50 percent plus one share stake in the Sakhalin-2 project, Interfax said. (Bloomberg)

TNK-BP’s Caspian Checks

TNK-BP may be in violation of environmental legislation at two prospects on the Caspian Sea, the Natural Resources Ministry said Friday.

The state environmental inspectorate will check for possible violations at the North Vatazhny and Kirikilinsky prospects after receiving a complaint from the WWF, the ministry said in a statement Friday. (Bloomberg)

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