OREANDA-NEWS. Sberbank CIB has organised three non-renewable lines of credit for JSC Gazprom Neft worth a total of RUB 35 bln for a period of 5 years.

The loans will be used for general corporate purposes, including implementing the oil company's investment programme in 2015.

Kirill Polishkin, Deputy Head of Sberbank CIB's Client Management Department, commented: "The oil and gas industry is a strategic component of the Russian economy and Gazprom Neft, one of the leaders of the industry, contributes significantly to its development. By supporting Gazprom Neft's projects and activities we feel that we are part of the realisation of this important goal. This deal implemented by the Sberbank CIB team ensures that the partnership between our companies will strengthen and continue."