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BUZZ-Oil producer Andes Energia gets $60 mln financing from Mercuria

Reuters - UK Focus

March 30 (Reuters) -

* Andes Energia (LSE: AEN.L - news) , an AIM-listed Argentinian oil company, says it has secured $60 million in debt and credit facilities from Swiss trader Mercuria for drilling activities.

* From the total, a $20 million debt facility will be used to finance drilling in Chachahuen and other capital requirements

* The remainder will be a credit facility to finance drilling in the Andes (Taiwan OTC: 6533.TWO - news) , including in the Vaca Muerta shale play

* Mercuria has an 8 percent stake in Andes. It also holds interests in several other producers in Argentina, the United (Shenzhen: 000925.SZ - news) States, Nigeria, Equatorial Guinea and Romania.

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* Andes has appointed Anuj Sharma as its new non-board level chief executive officer. Sharma was previously head of Mercuria's Argentinian subsidiaries.

* Nicolas Mallo Huergo has become executive chairman from non-executive chairman.

* Andes also operates in Colombia and Paraguay. (Editing by David Evans)