KyivPost

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.
comments powered by Disqus

KyivPost

© 1995–2014 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the www.kyivpost.com 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 news@kyivpost.com
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.