26.11.2010, 08:59
Barclays Bank Signs USD50mln Credit Facility with TNK-BP
OREANDA-NEWS. November 26, 2010. Barclays Bank and TNK-BP, a leading Russian oil and gas company, have signed a USD50mln revolving committed credit facility agreement, reported the press-centre of Barclays Bank.
Under the terms of the agreement TNK-BP can utilize the facility for general corporate purposes at any time up to the maximum facility amount for a term of up to 1 year from the signing date.
TNK-BP is Russia's third largest oil company that is owned on a parity basis by BP and the AAR consortium (Alfa Group/Access Industries/Renova). TNK-BP also owns ca. 50% of Slavneft, a Russian oil and gas company. TNK-BP produces ca. 16% of the total volume of Russian oil production (including TNK-BP interest in Slavneft). The total proven reserves owned by the company as estimated according to SEC LOF methodology amounted to 8.586 Bboe as of December 31, 2009.
About Barclays Bank Russia
Barclays Bank Russia, part of the global Barclays Group, is offering retail banking, credit cards, commercial banking and wealth management products and services. Employing 1,000 people, Barclays Bank Russia serves about 400,000 customers and clients across the country through a network of 400 ATMs and more than 20 branches and service centres. To find out more about Barclays Bank Russia and its products and services, please visit our website: www.barclays.ru.
Under the terms of the agreement TNK-BP can utilize the facility for general corporate purposes at any time up to the maximum facility amount for a term of up to 1 year from the signing date.
TNK-BP is Russia's third largest oil company that is owned on a parity basis by BP and the AAR consortium (Alfa Group/Access Industries/Renova). TNK-BP also owns ca. 50% of Slavneft, a Russian oil and gas company. TNK-BP produces ca. 16% of the total volume of Russian oil production (including TNK-BP interest in Slavneft). The total proven reserves owned by the company as estimated according to SEC LOF methodology amounted to 8.586 Bboe as of December 31, 2009.
About Barclays Bank Russia
Barclays Bank Russia, part of the global Barclays Group, is offering retail banking, credit cards, commercial banking and wealth management products and services. Employing 1,000 people, Barclays Bank Russia serves about 400,000 customers and clients across the country through a network of 400 ATMs and more than 20 branches and service centres. To find out more about Barclays Bank Russia and its products and services, please visit our website: www.barclays.ru.
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