Purchaser’s Credit For Oil Refinery Modernization Mission

TechNavio Insights Global DCS Market in Oil and Gas Industry 2014-2018JBIC signed a buyer’s credit agreement with LLP Atyrau refinery (AR), a subsidiary of the Kazakhstan state-owned oil and fuel company JSC NC KazMunayGas. AR is modernizing the Atyrau Oil Refinery to reduce its environmental load, and this loan shall be used by the corporate to buy plant gear by means of Marubeni Corporation as a part of this modernization challenge. The mortgage will lead to the creation of enterprise alternatives for Japanese firms within the oil refinery and petrochemical sectors in Kazakhstan, and through this, help Japanese industries maintain and enhance their international competitiveness.

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