28.09.2005
"Oil and Gas Vertical!"
Vneshtorgbank and NK RussNeft OAO have announced of having signed a cooperation agreement. The document stipulates main trends of cooperation between Vneshtorgbank and RussNeft.
Thus the agreement specifies cooperation in some spheres including packaged bank services for the Company; formation of short-term credits, backing current activities of the Company; financial provision of Russneft import operations related to purchase of equipment; development and improvement of the Company’s external and internal settlements system.
In the framework of the signed agreement Vneshtorgbank shall take part in accomplishing current and stratigical goals of Russneft, improve bank servicing of the Company’s operation, use the latest financial management technologies aimed at improving efficient operation of the Joint-Stock Company, furnish advice and information on banking and financing, according to the joint press-release of the companies.
