LONDON--Lekoil Ltd. (LEK.LN) said Friday unit Lekoil Oil and Gas Investments Ltd. has secured a $15 million advance payment facility with Shell Western Supply and Trading Ltd., a division of Royal Dutch Shell (RDSA.LN).

The facility has a maturity of three years and is repayable quarterly following a six-month moratorium with a market margin over London inter bank offer rate.

Shares of Lekoil at 0849 GMT trading 1.1% higher at 22 pence.

Write to Tapan Panchal at tapan.panchal@wsj.com

(END) Dow Jones Newswires

March 31, 2017 05:06 ET (09:06 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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