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You're reading: Naftogaz wants to raise $4.5 million

National joint-stock company Naftogaz Ukrainy plans to attract a renewable credit line worth $4.5 million, reads a report on the government procurement Web site.

The report says that bids can be submitted until October 15, 2012. They will be opened on October 5, 2012.

The funds will be raised for one year from the moment of the signing of the credit agreement.

According to the tender documents, the interest rate on the credit is not to exceed 13% per annum.

Naftogaz Ukrainy unites the leading oil and gas enterprises in
Ukrainy. The company holds the monopoly on the transit and underground
storage of gas. The company engages in the transport of oil via
pipelines throughout Ukraine.

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