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Turkey Gets Landmark $929 Million Deutsche Bank Loan to Buy LNG

  • Loan agreement has the option to increase size in future
  • Botas will use loan to buy LNG from suppliers in 10 countries

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Turkey’s state gas company got a 925 million-euro ($929 million) loan from Deutsche Bank AG to finance liquefied natural gas purchases in a bid to reduce the country’s reliance on imports from Russia.