Russian oil major Lukoil has taken out a $1.2 billion three-year club loan, a person familiar with the banking side told Prime-Tass news agency Monday.

The loan agreement was signed last week. The loan was taken out at an annual interest rate of 4% over the London interbank offered rate, the person said.

The lenders included Bank of Tokyo-Mitsubishi UFJ, Barclays Capital, BNP Paribas, Calyon, Citi, Deutsche Bank, ING, Natixis, Orgresbank, Royal Bank of Scotland, Societe Generale, and WestLB, the person added.

Agency Web site: www.prime-tass.com