Gazprom Neft signed an agreement with a group of international banks for a 10-year unsecured loan of 258 million euros ($317 million), the company said.
The funds will be invested in an upgrade of NIS, a Serbian subsidiary of Gazprom Neft.
The authorized lead organizer, co-organizer, and creditor is HSBC. Among other co-organizers and creditors are Ceska Sporitelna and Komercni Banka, Interfax reported Friday. The funds are guaranteed by the Export Guarantee and Insurance Corporation of the Czech Republic. NIS owns oil refineries in Pancevo and Novi Sad with combined capacity of 7.3 million tons a year. It also owns a major filling station chain.
(MT)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
