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On Commissioning Engine Oil Manufacturing Factory in the Serb Republic (Bosnia and Herzegovina)

2 april 2009 года
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Today, Chairman of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ Vladimir Dmitriev took part in the official ceremony of commissioning the engine oil manufacturing factory after its capital repairs in the city of Modrich, the Serb Republic.

In 2007, Vnesheconombank extended loan funds worth 350.5 million euros to OJSC NeftegazInKor (a subsidiary of OJSC Zarubezhneft). The funds were intended for purchasing shares of three enterprises located on the territory of the Serb Republic: the oil refinery “Rafineria Nafte” A.D. (the city of Bosanski Brod), the engine oil manufacturing factory “Rafineria Ulja Modrich (the city of Modrich) and company “Petrol” the owner of the petrol-filling stations network on the Republic’s territory. The funds were also intended for the reconstruction and modernization of the said oil refinery, the first stage of which was launched in November 2008. The funds extended by Vnesheconombank are being used to purchase oil for the oil refinery.

Under the Memorandum on Vnesheconombank’s Financial Policies support for industrial exports and services is one of the main lines of Vnesheconombank’s activity.

Origin: Press Office of Vnesheconombank

Contact person: Ekaterina Karasina

Phone:  +7 (495) 608-46-93, Fax: +7 (499) 975-21-34

E-mail: press@veb.ru

 

 
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