Turkey Gets $400 Million Loan for Gas Amid Deutsche Bank Talks
- State pipeline operator Botas faces hefty gas-import bill
- Company received loan from local banks, seeks additional funds
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Turkey’s state pipeline operator has received a $400 million loan to cover its natural gas bills as it nears a separate deal with Deutsche Bank AG to finance purchases of the fuel.
Boru Hatlari ile Petrol Tasima AS, known as Botas, secured the short-term loan from two local banks, according to people with knowledge of the matter who asked not to be identified because the deal is confidential.