News 2012#4 (76), September 2012
A credit agreement was signed on August 8 in Tokyo with Japan Bank for International Cooperation and Bank of Tokyo Mitsubishi UFJ worth $297.5 million for the construction of the deep conversion facility at the Atyrau Oil Refinery (ANPZ).
The maturity of the loan is 13.5 years. The project for the construction of deep conversion facility is a finishing stage of ANPZ’s full reconstruction. This project is designed to process 2.4 million tons of raw materials (black oil and vacuum gasoil) per year. The project’s implementation will allow the plant to increase the oil net yield up to 85 % by 2016.
Thus, the volume of oil refining will reach 5.5 million tons/year. Of importance is that gasoline will correspond to Euro-5 standards. Earlier, on June 6, 2012, АNPZ has signed a credit agreement on financing the deep conversion facility with the Export-Import Bank of China.