EBRD mulls EUR 5.7mn loan to Serbia's Transnafta.

By bne IntelliNews April 2, 2012
The EBRD said it is considering providing Serbian state-owned firm Transnafta a sovereign guaranteed loan of up to EUR 5.7mn to support the construction of two crude oil storage tanks. The storage tanks will be built within Transnafta's existing oil storage depot in northern Serbia, the EBRD said in a statement. They will each have a capacity of 20,000 cubic metres and will be primarily used to keep Serbia's compulsory oil reserves but will be available to the private sector as well. Transnafta is active in pipeline transportation and storage of crude oil. The loan project is pending a final review by the EBRD board, scheduled for July 24.

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