TNK-BP to Invest $60 Million in Construction of Hydrocarbons Sulfur Removal Facility at RORC
TNK-BP reports that it will invest over $60 mln in the construction of a hydrocarbons sulfur removal facility at CJSC Ryazan Oil Refinery Company (RORC, part of the TNK-BP Group). The facility is planned to be commissioned in 2015. The construction is part of a large-scale program to upgrade RORC …
Max Petroleum Completes Sberbank Credit Facility of $90m USD
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce today it has completed the initial closing of its US$90 million senior credit facility with SB Sberbank JSC, allowing the Company to draw down up to US$60 million to repay US$47 million to …