Naftogaz received a $ 500 million loan

Нафтогаз получил 500 млн долларов кредита

Funding will provide supplies of gas in winter.

The company Naftogaz of Ukraine signed a loan agreement on allocation of credit line to $ 500 million under the guarantee of the world Bank, intended for the purchase and injection of gas.

As reported on Saturday, 31 December, the press service of the company, the credit line will operate for four years: two years for the purchase of gas and two for the repayment of the loan.

In Naftogaz believe the world Bank guarantee and line of credit is economically advantageous compared to other loan agreements.

It is also reported that Naftogaz will be able to use this credit line for the purchase of gas on both the Western and Eastern direction.

“These funds will help Naftogaz to ensure stable gas supplies to Ukrainian consumers during this winter”, – commented on the provision of credit, the head of Naftogaz Andrey Kobelev.

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