Kazakhstan's Development Bank to back modernization of Pavlodar petrochemical plant

None
None
ASTANA. KAZINFORM Development Bank of Kazakhstan JSC (DBK) will finance modernization of the Pavlodar petrochemical plant. The cost of the "turnkey" contract is more than USD 1.2 bln.

The project is mainly financed using the club-deal loans from Japanese banks. DBK will provide about 25% of the required financing in the form of a credit for a period of up to 10 years for construction and installation works, its official website reads. The project implementation will help improve quality of the engine fuel produced at the plant to meet the requirements of K4 and K5 emission classes (which conforms to Euro-4 and Euro-5 standards), as well as to expand its refining capacity.

Currently reading