Tatneft arranges new club loan

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21 June 2011

Russian oil firm Tatneft is arranging a club loan to help fund the second phase of its Taneco project.

Russian oil firm Tatneft is arranging a $550 million club loan to help fund the second phase of its Taneco project, a refinery and petrochemical complex being constructed in Nizhnekamsk, Tatarstan.

Reuters has reported that the new three-year deal is being financed by eight banks, all of whom were lenders in Tatneft's $2 billion pre-export financings that signed in June 2010. Pricing for the new deal is rumoured...

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