Chornomornaftogaz raises another interest-free loan of Hr 3.4 billion from Naftogaz Ukrainy

Print version
April 23, 2012, 6:49 p.m. | Business — by Interfax-Ukraine
Chornomornaftogaz (Simferopol, Crimea) has attracted an interest-free loan of Hr 3.396 billion from Naftogaz Ukrainy. According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, a loan agreement was signed on April 18, 2012.

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.
The Kyiv Post is disabling its online comment section due to an increase in trolls, violent comments and other personal attacks. Other news organizations worldwide have taken similar steps for the same reasons. The Kyiv Post regrets having to take this action. The newspaper believes in a robust public debate, but the discussion must be constructive and intelligent. For the time being, the Kyiv Post will allow comments on its moderated Facebook group The newspaper will consider hosting online comments again when circumstances allow. Thank you from the Kyiv Post.


© 1995–2015 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.