HomeNewsIrkutsk Petrochemical Projects in Siberia to be Financed by JBIC

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Irkutsk Petrochemical Projects in Siberia to be Financed by JBIC

1/4/2022

In late December 2021, the Japan Bank for International Cooperation (JBIC) announced a buyer’s credit agreement worth approximately $522 million USD, which was co-financed by the Japanese arms of Deutsche Bank, Société Générale and Goldman Sachs Realty, which brought total funding for two upcoming petrochemical projects spearheaded by Irkutsk Oil up to $871 million dollars. This funding is intended for the purpose of purchasing unspecified equipment provided by Toyo Engineering of Japan for an ethylene project and a polyethylene project in Ust-Kut, Siberia expected online in the next few years. Both projects have a production capacity for 650,000 tons per year apiece. Irkutsk Oil hopes to u

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