Gazprom Neft Board of Directors admitted granting of loan for Synthes Oil purchase

On December 10, Gazprom Neft Board of Directors admitted granting of a loan of 680 million rubles to the subsidiary Gazpromneftfinance for the purchase of the Ryazan company Synthes Oil. The company should pay off the debt before December 31 2018. Interest rate for the loan is set at MIBID rate, the average admitted annual interest rate announced by the largest Moscow dealer banks when buying inter-bank credits.

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