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Essar Oil Ltd Signs $1 Billion Loan Deal-Reuters

Monday, 20 May 2013 10:57am EDT 

Reuters reported that Essar Oil Ltd will sign a $1 billion loan deal with China. Essar Oil could sign a preliminary agreement with China Development Bank (CDB) on May 21, 2013 to borrow that amount during Chinese Prime Minister Li Keqiang's visit to Mumbai. 

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