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VTB issues loan to Sibtruboprovodstroy

 
20 January 2014

VTB issues loan to Sibtruboprovodstroy © photoexpress.ru

VTB Bank has granted a loan of 1.37 billion roubles to Sibtruboprovodstroy, the largest oil and gas pipeline construction company in Siberia, for a 1.5 year term to finance its current projects.

“Providing financing to companies in the Russian fuel sector is one of VTB Bank’s priorities. I hope that our work with Sibtruboprovodstroy will promote the continued development and growth of the company,” said Yuri Soloviev, First Deputy President and Chairman of VTB Bank’s Management Board.

For reference:

Sibtruboprovodstroy was established in 1980 as Novosibirsktruboprovodstroy. It builds oil and gas pipelines and related industrial and social infrastructure, with a focus on storage tank and gas distribution station construction, as well as oil product storage and logistics.

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