Financial news

"Tatneft" Has Refused of the State Aid

16 апреля 2009 г.

The government of Russia might share occurrent loan rates of the enterprises, has promised the prime-minister Mr. Vladimir Putin with the state support, the loan rates would be 10-14 %. Now the leading companies can borrow under 16-17 %, and the majority of the enterprises — under 24-25 %.

But some companies have already begun to refuse of the state support: "Tatneft" has declared de-list off those 295 strategic enterprises. The company does not require occurrent loans, and the government does not offer adequate investment credits,”-has specified Mr. Nail Ibragimov, the first assistant to the general director of company. As he said, Tatneft is needed investments into development and it does against the state subsidiary plan.

“Construction of a complex of oil refining and petrochemical factories in Nizhnekamsk is now in focus of “Tatneft”. Thus $3-5 billion is required”, - has informed Mr. Ibragimov. The company studies opportunities for loans, but abroad. “They would unlikely apply for loans to the Russian banks”, - he has concluded.

"Tatneft" — is not a single company which has refused of any support. One of these days it such “donation” has been offered by Mr. Putin to Mr. Alexey Miller, the chairman of concern “Gazprom”. Divestiture as yet followed the proposal. Whether "Gazprom" minds de-list of strategic enterprises is not commented.  Since the last publication in December the list of 295 strategic enterprises, except small enterprises, companies of oil-and-gas sector publicly have not had declared a required grants-in-aid of any kind, since they have less debts than, for instance, metallurgists or the enterprises of a car industry. Besides, oilers have gained significantly of devaluation. As it is stated, representatives of other branches are not going to”reject” themselves.
 

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