OREANDA-NEWS. December 19, 2007. The European Bank for Reconstruction and Development and International Finance Corporation will provide 100 M. USD each to the "GalNaftoGaz", reported the Official website www.kmu.gov.ua.

The allotted funds will be channeled to modernization of petrol stations OKKO" in Ukraine.

As many s 50 M. USD of the EBRD's credit will by syndicated to non state-run banks and 20 M. USD will be provided as a subordinate loan. The International Finance Corporation will provide a 30 M. USD direct credit, 20 M. USD subordinated credit and a 50 M. USD syndicated credit.

The "GalNaftoGaz" intends to expand the network to 400 petrol stations by 2016.

The company runs 235 petrol stations, mainly in West and Central Ukraine.