February 18, 2014 [PortNews IAA] - Bank VTB lends $17 mln to Transbunker Group as long-term investment financing for 5 years. According to VTB press center, the resources will be used for purchasing of assets for further production expansion.
VTB resources will be used to finance the first phase of building oil terminal in the new region of Transbunker activities – seaport Ust-Luga in the North West region. Total investments of VTB and the company into the asset development are estimated at $50 mln for 2014.
Transbunker Group incorporates companies of different national jurisdictions involved in ship’s bunkering, storage and transshipment of oil products, as well as in crude and oil products trading on domestic and foreign markets.
The Group operates 7 transshipment terminals with total capacity of 340,000 cbm. Production facilities of the Group are concentrated in three strategic regions: Far East, port Novorossiysk and Black Sea ports of Ukraine.
