The company raised 400 million euros ($508 million) to help pay for a stake in a refining venture with Italy's ERG and $280 million to fund investments in refining and marketing, it said Friday in a statement.
ABN Amro Holding, Barclays Capital and ING Group are involved in both loans. Bank of Tokyo-Mitsubishi, BNP Paribas, Citigroup, Dresdner Kleinwort Group and WestLB are also behind the dollar credit.
The announcements come a day after savings bank Caja Madrid said LUKoil requested financing to buy a stake in Spanish oil producer Repsol. LUKoil declined to comment on reports of a deal.
Sacyr Vallehermoso and Criteria Caixacorp, which are in talks to sell holdings in Repsol, may lower the size of the stakes they are offering, El Pais reported.
Sacyr, which owns 20 percent of the oil company, may not sell all its holdings, while Criteria, which owns about 9 percent, may keep more than the 6 percent that it had intended to sell, the newspaper said, citing unidentified people involved in the talks.
Smaller shareholders such as Mutua Madrilena Automovilista and Caixa Catalunya will sell all of their holdings in Repsol, the newspaper added.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.