TNK To Receive Credit From Deutsche Bank

The Tyumen oil company is planning to receive a 250m-dolar syndicated credit from Deutsche Bank no earlier than in the third quarter of 2002, President of the company Semyon Kukes reported in an interview with RosBusinessConsulting today. According to him, TNK signed a mandate agreement with the bank. The money will be spent on ecological rehabilitation of the Samotlorsky oil field. According to Kukes, the terms of the credit agreement are being agreed upon now. The credit is likely to be given to the company for four years.