Jan. 2 – Sace secured funding for € 420 million in favor of the Russian oil giant Lukoil. The grant was structured and provided by Société Générale as Global Coordinator, Documentation Agent, MLA and lender; BNP Paribas acting as Facility Agent, MLA and lender; ING Bank, branch of ING- DiBa AG, as Environmental Agent, MLA and lender; and the UniCredit Group, via UniCredit Bank Austria as MLA and lender, and via UniCredit SpA as Sace Agent and MLA. The funding is intended to support a provision for the modernization and expansion of a refinery in Bulgaria, allowing for greater environmental sustainability of the production site. The work was carried out by Rome’s Technip, which has more than 1,100 employees, and has worked in over 500 projects in 70 different countries. The contract involves the construction of a plant for the processing of heavy oil processing hydrocracking residue and distillate fuel oil with low sulfur content. The new plant will improve the refinery’s productive efficiency and product quality, thus ensuring greater sustainability of the production site.
