Exclusive: Trafigura, BP increase loans to Russia-backed Indian refiner to $3 billion
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NEW DELHI/LONDON (Reuters) - Russian-backed Indian refiner Nayara Energy is set to secure its biggest fuel-backed loan, a $1.5 billion advance from Trafigura, BP and some banks, according to industry and banking sources familiar with the matter.It takes the total size of Nayara's pre-payment deals to nearly $3 billion (2.3 billion pounds) despite concerns over U.S. sanctions.The company, previously owned by the debt-laden Essar Group, is gradually raising its profile on India's energy map. It..