Urals Energy receives $130-mln credit from Standard Bank.

Russia & CIS Business and Financial Newswire | January 23, 2007 | Copyright

Urals Energy receives $130-mln credit from Standard Bank

MOSCOW. Jan 23 (Interfax) - Urals Energy Public Company Limited has announced the completion of a new debt finance facility to fund the development of the Dulisminskoye field in Irkutsk region.

Goldman Sachs, as arranger, and Standard Bank plc, as the funding bank, are providing a total of $130 million of debt to a special purpose subsidiary of Urals Energy. The debt facility is secured by OOO Dulisma as a project-style loan that is non-recourse, except in certain limited circumstances, to Urals ...

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