Press releases
Sberbank has arranged a financial package for JSC "KazMunayGas - refining and marketing" to the extent of $ 400 mln.
October 29, 2014
"Sberbank CIB"[1] jointly with an affiliated Sberbank bank in Kazakhstan has arranged a financial package for JSC "KazMunayGaz" - refining and marketing" (Republic of Kazakhstan) to the extent of $ 400 mln[2] with 10 year term of payment. The credit funds will be aimed at financing the project of modernizing "PetroKazakhstan Oil Products" LLP (Shymkent Refinery).
"We are really proud of signing the deal due to several reasons. It is not only a shining example of Sberbank active cooperation with acknowledged leaders of the CIS market, but it is also an evidence of our capability to offer interesting financial solutions in the current market situation", the managing director on cooperation with international clients of the investment-and-bank activity of Sberbank CIB, Alexey Grenkov, said. "We are sure that the deal will serve as a basis for further development of our partnership with the "KazMunayGaz" Group."
In turn, the Chairman of the Board of "SB Sberbank" JSC, Alexander Kamalov, expressed the readiness to use all capabilities of the Sberbank Group to support large scale projects of their clients in Kazakhstan.
"Sberbank offers full range of financial services in Kazakhstan. This deal demonstrates that we can be not only as a creditor, but also as an arranger of financing from the Sberbank Group resources. We are glad that we could do a bit for the refinery industry development in our country. This is not the first successful project of Sberbank cooperation with JSC "KazMunayGaz - refinery and marketing" and we are sure that further fruitful relationship will be developed", Alexander Kamalov noted.
"This financing will be aimed at implementation of 1st and 2nd stages of the project "Renovation and modernization of Shymkent Refinery". In particular, the funds will be used to renovate the isomerization plant with the raw material preliminary hydrofining unit, RFCC heavy residue catalytic cracking unit, catalytic cracking "Prime G" gasoline hydrofining unit and others that would provide production of transport fuels of К-4, К-5-classes and increase refining capacity", the first deputy director general of JSC "KazMunayGaz - refining and marketing", Erbolat Kozhabaev said.
Briefing:
JSC "KazMunayGaz - refining and marketing"isan efficient, innovative refining subdivision of JSC "KazMunayGaz" NC possessing both modernized technological assets and branched sale channels. It is the Kazakh leader of oil refining and oil product sale.
Main assets of the Company: "Atyrau Refinery" LLP (99.53%), "PetroKazakhstan Oil Products" LLP (49.7%), "Pavlodar Petrochemical Plant" LLP (100%), "KazMunayGaz Onimderi" LLP (100%), "Caspi Bitum" LLP JV (50%)
SB "Sberbank" JSC is a member of the International Sberbank Group. The bank is working for more than 7 years at the financial market of Kazakhstan and occupies 4-th place by asset volume among second-tier banks of Kazakhstan. "SB Sberbank" JSC has currently a branch network containing 108 structural subdivisions, of whose 16 are as branch offices. The bank central office is in Almaty.
Sberbank CIBis a corporate-and-investment business, which has been founded within integration of Sberbank of Russia and Troika-Dialogue. Among key directions of Sberbank CIB activities are corporate lending (including trade financing), documentary credit operations 2, investment banking, trade in securities, proprietary investments. The corporate-and-investment business of Sberbank of Russia offers integrated financial solutions and financing consulting services to its clients, among whose there are large corporations, financial establishments, states and federal/ sub-federal authorities and institutions.
For more information you are free to contact the following press offices:
Press office of Sberbank CIB
Phone: +7 495 258 05 19
E-mail: pressa@sberbank-cib.ru
SB "Sberbank" JSC
Yekaterina Kupreeva
+7 (727) 266 35 68 (ext. 502499)
e-mail: yekaterina.kupreevasberbank.kz
Corporate Communication Service
JSC "KazMunayGaz- Refining and Marketing"
Makhabbat Sadvakasova
+ 7 (7172) 97 97 71
e-mail: m.sadvakasova@kmgrm.kz