"Ukrgazvydobuvannya" will attract $ 76 million EBRD and EIB

10 May 2017, 12:47 | Economy
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Ukrhazdobycha management intends to attract financing of the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) for $ 76 million for the purchase of well workovers and compressor equipment, the EBRD press service reported..

It is noted that tenders for the purchase of the relevant equipment are planned for the period starting from the third quarter of this year.



The transaction takes place in a format typical for urgent purchases: first, tender procedures are conducted and only then an agreement with banks is signed and financing is provided.

The goal of the project is to intensify production from existing wells "Ukrgazdobycha".

As it was reported, Ukrgazvydobuv, 100% of shares of which belongs to Naftogaz of Ukraine, is the country's largest gas producer, which provides about 75% of the total gas production in the country.




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