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  Tuesday, May 17, 2022
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Gazprom Neft said Wednesday it was set to secure a three-year syndicated loan worth up to $2.2 billion to expand production and refining
Gazprom Neft [RTS: SIBN], Russian gas giant Gazprom's oil division, said Wednesday it was set to secure a three-year syndicated loan worth up to $2.2 billion to expand production and refining. A syndicate of banks, comprising of ÀBN AMRO Bank N.V., Calyon, Citigroup Global Markets Ltd. and Commerzbank Aktiengesellschaft, act as bookrunners for the loan borrowed under Libor, Britain's main three-month interbank lending rate, which now stands at 6.82%, plus 0.75%. Gazprom Neft, known as Sibneft before it was taken over by Gazprom [RTS: GAZP] in September 2005, reported its US GAAP net profit increase by 31%, year-on-year, to $3.7 billion in 2006. Gazprom owns 75% of shares in the company, which is currently Russia's fifth largest in terms of output, producing 32.7 million metric tons of oil last year.
Print Gazprom Neft said Wednesday it was set to secure a three-year syndicated loan worth up to $2.2 billion to expand production and refining Bookmark Gazprom Neft said Wednesday it was set to secure a three-year syndicated loan worth up to $2.2 billion to expand production and refining

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