9 Feb '10
Gazprombank has announced plans to loan Far East Energy $67m.
The money to be provided within a two-year line of credit is “to finance the company’s current operations.”
Far East Energy is Russia’s fourth largest generating company by installed capacity and a sizable player in the energy market of Russia’s Far East.
Set up in 1990, Gazprombank is now one of Russia’s three largest banks.