Galp Energia signs second part of financing agreement for refineries’ conversion projects

abarrelfullabarrelfull wrote on 16 Jan 2013 19:25
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10 Jul 2009

Galp Energia and the European Investment Bank (EIB) sign today a €200 million financing agreement, representative of the second and last part of the financing of the conversion project for both Sines and Porto’s refineries, which totalizes €500 million.

This 16-year term loan includes a three year interest only period and 13 years of reimbursement. The agreement regarding the first part of the loan, in the amount of €300 million, was signed in Lisbon on March 16, 2009.

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