VTB Bank has granted a RUB 1.6 billion loan to Mariisky NPZ. The company is planning to channel these funds to replenish its working capital, to purchase crude oil, pay customs fees and finance other needs of the plant.
Nikolay Ustinov, VTB Senior Vice President, said: “This transaction is a new step in developing cooperation between VTB and Mariisky NPZ.”
The refinery’s total current liabilities to the bank amount to RUB 6.995 billion. Along with loans, VTB offers bank guarantees, cash and settlement services, insurance, factoring and foreign activity servicing to the company.
LLC Mariisky NPZ was founded in 1995. The refinery, furnished with high-quality modern equipment, produces straight-run petrol, diesel and marine fuels, fuel oil and other petrochemicals. Theannualoutputoftherefineryis 1,250,000 tons. Mariisky NPZ is one of the largest enterprises located in the Mari El Republic.