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PVFC provided a new US$ 60M credit line for BSR

By May 2010, PVFC has officially provided a credit line up to US$ 60M for BRS with purpose of working capital funding for Binh Son Refinery 1 partner Limited Company BSR.

In parallel, PVFC is currently acting as the Lead Co-ordinating Bank in financing scheme for an additional investing project to construct 2nd feedstock system within Dung Quat refinery complex. This system including 2 crude oil import pipelines and 2 tankers cost up to US$ 32M.

Ass known, BSR is 100% Petrovietnam’ capital funded company, established in June 2008, with its mission is to manage and run business when the Dung Quat Refinery Plant officially orperates. BSR is believed to be the key company of the Petrovietnam Refinery Corporation –

By this commitment, right after the Dung Quat Refinery Plant is officially handed over, PVFC will provide credit, finance arranging services and credit related products to BSR quickly and in time, fully satisfying all BSR’ needs of working capital at all times.

For more information, please do not hesitate to contact us at our hotline: 18001525.

(PVFC)

Total hits:  67  -  Last modified:  22/05/2010 11:13:02 AM
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