PetroVietnam Inks Credit Agreement for Dung Quat Refinery

On December 2, 2009, the Vietnam National Oil and Gas Group (PetroVietnam) and a lending consortium led by the Standard Chartered Bank signed a contract under which the British bank will be responsible for arranging a total of US$250 million in loans with 11 foreign banks for Dung Quat refinery, the first of its kind in Vietnam.
PetroVietnam Inks Credit Agreement for Dung Quat Refinery
Also on the same day, PetroVietnam signed an agreement of cooperation in principle with the Standard Chartered Bank for another loan package worth US$1.5 billion, under which the British bank will arrange the credit over three years. The Standard Chartered Bank will also work with the national oil and gas giant in cash management, commercial assistance and personnel training.

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Posted by VBN on Dec 8 2009. Filed under HEADLINES, Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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