1. West siberian Bank of Sberbank Establishes Documentary Limit for Antipinsky Oil Refinery CJSC

West siberian Bank of Sberbank Establishes Documentary Limit for Antipinsky Oil Refinery CJSC

11 July 2014

West Siberian Bank of Sberbank of Russia has opened a RUB 5 billion multi-currency limit for Antipinsky Oil Refinery CJSC for trade finance operations using unsecured letters of credit.

The decision will enable Antipinsky Oil Refinery CJSC to streamline its relations with both oil suppliers and equipment vendors, as well as with contractors as part of the commissioning of Workflow Phase III facilities under the modernization project.

The agreement was signed as part of the long-term cooperation strategy between Sberbank and Antipinsky Oil Refinery.

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