1. Sberbank of Russia OJSC and Antipinsky Oil Refinery CJSC Sign a 15.173 BN Credit Facility Agreement

Sberbank of Russia OJSC and Antipinsky Oil Refinery CJSC Sign a 15.173 BN Credit Facility Agreement

18 June 2015

June 18, 2015, Saint Petersburg – As part of the XIX Saint Petersburg International Economic Forum, Sberbank of Russia OJSC and Antipinsky Oil Refinery CJSC entered into a non-revolving credit facility agreement for the amount of RUB 15.173 bn. On the part of Sberbank of Russia, the document was signed by the Maxim Poletaev, First Deputy Chairman of the Management Board, on the part of Antipinsky Oil Refinery CJSC, by Dmitry Mazurov, Chairman of the Board of Directors.

The loan funds will be used to finance the combined high-octane gasoline unit construction project, which will enable Antipinsky Oil Refinery CJSC to produce 480 thous. tons of AI-95 Euro-5 compliant gasoline per annum. The credit facility deal was arranged by Sberbank CIB.

The project aims to cover AI-95 motor gasoline deficit in the Tyumen Region and partially in the Urals Federal District and will help to create additional competition for major petroleum products market players to curb the price growth and improve the region’s environmental condition by reducing sulphur and benzene content in motor gasoline.

Back to the list

Other news