Boru Hatlari ile Petrol Tasima (Botas)

Boru Hatlari ile Petrol Tasima (Botas) - TL

Industry
Oil & gas/Oil - Trading
Area of finance
Commodity Trade Finance
Region
Europe
Countries
Turkey

Deal Overview

Turkey’s state gas company - Boru Hatlari ile Petrol Tasima (Botas) - has sealed a €925 million ($929 million) loan from Deutsche Bank to finance LNG purchases in a bid to reduce the country’s reliance on imports from Russia. The three-year loan allows Botas to buy LNG from...

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Turkey’s state gas company - Boru Hatlari ile Petrol Tasima (Botas) - has sealed a €925 million ($929 million) loan from Deutsche Bank to finance LNG purchases in a bid to reduce the country’s reliance on imports from Russia. The three-year loan allows Botas to buy LNG from pre-arranged suppliers in 10 countries, including the US, Algeria and Qatar. 

The financing is guaranteed by Turkey’s government and can be increased in the future.

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Deal Volume
$ 929m
Financial Close
13 July 2022

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