Financed ProjectsChornomornaftogaz I

Identification Code:

OP/03/0381

Total Operation Cost:

0

Maturity:

84 months

Operation Status:

Description and Purpose of the Operation:

BSTDB extended a US$20 million corporate loan to NJSC Chornomornaftogaz, a leading company in the Ukrainian energy sector. The Company seeks foreign investments to the Crimean energy sector. The BSTDB financing will support the core business activities of NJSC Chornomornaftogaz, including developing, commissioning and increasing output of some of its gas fields.

Countries of Operation:

Ukraine (100,00 %)

Financial Product:

Loans

Sector:

Energy

Domain:

Private

Borrower/Client:

NJSC Chornomornaftogaz

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The operation is expected to have solid development impact in Ukraine and cooperation effect (primarily on the supply side). With the Project BSTDB will support the only Ukrainian enterprise possessing necessary experience, expertise and infrastructure to develop oil and gas resources offshore the Black Sea and Azov Sea. It has the opportunity to create new employment and generate taxes.

Environmental Classification and Impact (summary):

The Project is in compliance with the Bank's Environmental Policy.

Operation Leader:

Energy & Infrastructure

E-mail:

ei@bstdb.org