STAR Rafineri A.Ş. – About Credit Proposals related to Project Financing

abarrelfullabarrelfull wrote on 30 Dec 2013 07:20
Tags: europe refinery socar turcas turkey

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Our Company has been informed that STAR Rafineri A.Ş., in which we have 18,5% indirect share through our subsidiary, Turcas Rafineri Yatırımları A.Ş., has received binding credit proposals in the amount of around 5 billion USD in total from 17 local and international banks related to financing of STAR Refinery Project, necessary financing for STAR Refinery Project is around 3.5 billion USD, closing process of project financing would start after STAR Rafineri A.Ş.’s selection among proposals.

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