Lukoil Overseas: Shah Deniz Gas Condensate Field Develop. II (EBRD-45599)

Countries
  • Azerbaijan
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 15, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
LUKOIL Overseas Shah Deniz Ltd
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
  • Finance
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 212.80 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Dec 7, 2017

Disclosed by Bank Nov 8, 2013


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Project Description
This project provides additional funding for the development of the off-shore Shah Deniz gas and condensate field.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Lukoil Overseas Shah Deniz Ltd is Lukoil Overseas' 100% subsidiary. Lukoil Overseas is a holding company that manages Lukoil’s participation in exploration and production projects outside Russia. Lukoil Overseas Shah Deniz Ltd holds a 10% interest in Shah Deniz field.
Contact Information
Aleksandr Karasev JSC Lukoil Sretenskiy blvd, 11 Moscow, 101000, Russia Email: mail@lukoil-overseas.com Ms. Kseniya Solodnikova Principal Banker EBRD Tel: +4957871111 EBRD project enquiries not related to procurement: Tel: +44 20 7338 7168 Email: projectenquiries@ebrd.com Project Complaint Mechanism Officer pcm@ebrd.com ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.