VNStockNews.com - PetroVietnam Technical Service Joint Stock Corp (PTSC) has signed a credit contract and a limited credit contract with Transaction Centre 2, Bank for Investment and Development of Viet Nam (BIDV) on July 08.
In details, Bidv commits to provide a loan of $10.335 million for PTSC in the period of eight years so that the company can make investment in project of FSO-Orkid fuel depot in Vietnam-Malaysia. FSO-Orkid is one of five fuel depots that PTSC plans to expand in the field of oil drilling with the total investment capital of $180 million.
FSO-Orkid will be leased by Talisman Malaysia Limited within the period of 10 years.
The second signed contract is a short-term limited credit one with total value of $50 million.
Jul 9, 2009
BIDV funds $60 million to PTSC
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