Gazprombank & International Co-Investors Close Deal for Investment into SIBURís Marine Terminal

Source: www.gulfoilandgas.com 11/3/2015, Location: Asia

A consortium comprising the Gazprombank and leading international investors has announced the completion of a deal to invest in a terminal in the commercial port of Ust-Luga (Russia) after obtaining all regulatory approvals. The terminal, owned by petrochemical company SIBUR, transships liquefied petroleum gas (LPG) and light oil products.

The consortium has acquired 100% of the terminal, one of the most advanced port infrastructure facilities on the Baltic Sea.

The deal was fully financed by the investors. In the future, the consortium plans to refinance part of the investments through the debt financing. The investments made by the consortium will also be used to finance the expansion of the capacity of the terminal.

According to the agreement, SIBUR will be entitled to use the terminalís capacity for the transshipment of its LPG and will oversee the terminalís operations. The deal structure includes long-term agreements with a number of major Russian and international LPG and light oil transshipment companies, ensuring that the new terminal is utilized at its maximum capacity.

The consortium plans to continue investing in the terminalís development, with a project already underway to expand the rail infrastructure and increase its transshipment capacity. Under the current plan, the project involves increasing the capacity for handling LPG from 1.5 to 2.4 million tons per year, and increase the transshipment of light oil products from 2.5 to 2.8 million tons per year.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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