Primorye loans Primornefteprodukt $6m | Volga, Finance, business

Far East | Finance, business

Primorye loans Primornefteprodukt $6m

10 Mar '09
Petroleum product company Primornefteprodukt intends to get a $6.1m one-year loan from Bank Primorye at 17%, Interfax reported today, citing company sources.

Under the loan terms, the creditor has the right to change the interest rate following a revision of the bank’s credit policy, that of the Bank of Russia, or an alteration of an inflation rate.

Primornefteprodukt is part of oil company Alliance.