BP gets $5bn loan
BAKU – The oil major BP will receive two long-term loans worth of $5bn US dollars from the Royal Bank of Scotland, Societe Generale, as well as BNP Paribas and Standard Chartered banks.
$2bn of the sum will be provided by Royal Bank of Scotland and Societe Generale, while the rest –by BNP Paribas and Standard Chartered.
The loan should be paid off before June 30, 2015.
BP estimates that $2bn will be spent for the exploitation of Azeri-Chirag-Gunashli oil field.
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