Far East | Materials, extraction | Finance, business

VEB to loan $778m to Khabarovsk Oil Refinery

12 Nov '10
The Khabarovsk Oil Refinery has announced plans to take out $778m in loans with state-run Vnesheconombank (VEB).

Under plans, the company is to take out a $239m loan, to be repaid on July 10, 2022, and $240m ten-year loan, as well as a 218m Euro (about $299m ) loan, also repayable by July 10, 2022.

The loan interest rates have yet to be disclosed.

Under plans, the funds are to be invested into the plant reconstruction.
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