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Lukoil to repay $1.1 bln worth of loans in 2017 — official

June 21, 14:56 UTC+3
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MOSCOW, June 21. /TASS/. Russia’s oil major Lukoil will repay $1.1 bln worth of loans in 2017 and may refinance $3 bln worth of loans in 2018, Senior Vice-President Alexander Matytsyn said Tuesday.

"We had $3 bln (worth of loans) to be repaid for 2017 and after we refinanced or repaid (them) beforehand we've had $1.1 bln left. For 2018 we have $3 bln (worth of loans), and we’re working at restructuring so that we can either delay or replace them," he said.

According to Matytsyn, the company considers the comfortable repayment level at $1.5-2 bln per year.

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