National Joint Stock Company Naftogaz of Ukraine expects by the end of this month to sign loan guarantees worth $500 million with the World Bank for the purchase of natural gas for the passage of the 2016-2017 heating season, Chief Commercial Officer of NJSC Naftogaz of Ukraine Yuriy Vitrenko said during the parliamentary hearings, which were devoted to the issue of increasing gas production.
”We hope that everything will be signed before the end of this month,” Vitrenko said.
He also noted that the company expected to use the credit funds issued under the guarantee of the World Bank this year.
As UNIAN reported earlier, on October 18, the World Bank`s Board of Directors decided to grant Ukraine`s state-owned energy holding Naftogaz of Ukraine the $500 million loan guarantees that will allow attracting loan resources for the purchase of the necessary volumes of natural gas for the passage of the 2016-2017 heating season.
