OREANDA-NEWS. July 30, 2009. VTB Bank has extended a RUB 3.425 billion loan to Mariysky NPZ Ltd. for a three-year period. The funds will be channeled into refinancing the expenses for offering the second bond issue by Mariysky NPZ Ltd. – Finance, and refinancing the debt to other credit institutions, reported the press-centre of VTB.

This deal has become the first important step to develop cooperation between VTB and the refinery enterprise. At present, the Bank has set a RUB 5.495 billion credit limit. VTB considers an opportunity for further financing investment project to develop Mariysky NPZ Ltd., and current activity of the enterprise.   

For reference:
Mariysky oil refinery, established in 1995, is fit with modern equipment. The Plant produces straight-run petrol, diesel and marine fuels, black oil fuel and other oil products. The Plant capacity of oil refining is 1450 tonne a year. Mariysky NPZ is one of the largest enterprises in the Republic of Marij El.