The first $160 million will allow Naftogaz to get cheap financing for

Wednesday, April 3, 2019
The first $160 million will allow Naftogaz to get cheap financing for

The first $160 million will allow Naftogaz to get cheap financing for 13 drilling rigs bought last year from Honghua International Co., Ltd. Ukrgazvydobuvannya, the Naftogaz gas production unit, bought the rigs with a five-year payment delay. Ukrinform reports that use of the other $840 million to cover purchases of Chinese equipment “will be agreed in the near future with the Chinese side.”

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