LLC
Novorossiysk Fuel Oil Terminal, a company jointly owned by Gunvor Group
and PJSC Novorossiysk Commercial Sea Port, has successfully completed a
credit facility for a period of 7 years and $ 110 million USD with ZAO
Raiffeisenbank.
The
proceeds will be used to refinance loans of Associates used to
construct the oil terminal and infrastructure, including tanks,
unloading structures equipped with cars and oil pipelines.
The
oil terminal, which has a capacity of 119,000 m3 and a flow rate of 4
million tons per year, well established service and received a license
to operate in 2012.
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