Russia’s Antipinsky refinery in the Tyumen region secured a credit agreement for as much as $750 million, according to Raiffeisen Bank International AG, which was involved in arranging the deal.
The credit will be used to increase capacity by 2017 to 7 million metric tons a year, or 141,000 barrels a day, according to an e-mailed statement. OAO Gazprombank, Glencore International Plc, Vitol Group, Globexbank and WestLB AG were also involved, it said.
The Antipinsky refinery can process 70,000 barrels of crude a day, data compiled by Bloomberg show.
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