The Skhalin-1 project.ITAR-TASS
Japan Bank of International Cooperation and Japanese Sakhalin Oil and Gas Development Co, Ltd (SODECO) signed an agreement on March 22 for a loan of up to $450 million.
The loan is co-financed by Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation and Sumitomo Mitsui Trust Bank, Limited, with co-financing totaling up to $900 million.
The proceeds will be used to finance the Odoptu Field Stage-2 development, part of the Sakhalin-1 project in which SODECO is participating.
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