Gazprom Neft secures 10-year EUR 258 million loan covered by Czech ECA

  Gazprom Neft secures 10-year EUR 258 million loan covered by Czech ECA (4-Traders, Annecy, 10 August 2012) Gazprom Neft has reached an agreement with a group of international banks to take out a EUR 258 million, 10-year syndicated unsecured loan facility supported by the Czech Export Guarantee and Insurance Corporation. The proceeds will be used for the purchase of equipment and services to upgrade oil refinery of NIS , Gazprom Neft's Serbian subsidiary. This is one of the largest loans covered by an export credit agency to a Russian counterparty this year.