Chornomornaftogaz raises another interest-free loan of Hr 3.4 billion from Naftogaz Ukrainy
The loan funds are to be issued until April 17, 2013, and the first tranche of Hr100 000 has been transferred to the bank account of Chornomornaftogaz.
"The loan issued is interest-free, to fund the implementation of priority investment projects, drilling, the development of existing fields, technical development, the repair and modernization of production facilities, and to repay creditor indebtedness," reads a statement.
As reported, in November 2011 Chornomornaftogaz attracted an interest-free loan of Hr 3.24 billion from Naftogaz Ukrainy to purchase a self-elevating floating rig.
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