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JV East

Sector: Oil and Gas • Location: Ukraine

Source: International Finance Corporation (IFC)

Project
Active

Galnaftogaz PJSC (“GNG” or the “Company”) is the third largest petroleum distribution company in Ukraine and a long-standing IFC client. GNG has created a joint-venture (“ADM JV”) with another IFC client, ADM CEECAT Fund (“ADM”), to build/purchase and operate about 80 modern fuel retail stations in four eastern regions of Ukraine (Luhansk, Donetsk, Dnipropetrovsk, Zaporizhia), where GNG currently

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The project “JV East” is an infrastructure initiative in the Oil and Gas sector, located in Ukraine. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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active

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Description

Description

Galnaftogaz PJSC (“GNG” or the “Company”) is the third largest petroleum distribution company in Ukraine and a long-standing IFC client. GNG has created a joint-venture (“ADM JV”) with another IFC client, ADM CEECAT Fund (“ADM”), to build/purchase and operate about 80 modern fuel retail stations in four eastern regions of Ukraine (Luhansk, Donetsk, Dnipropetrovsk, Zaporizhia), where GNG currently has little presence. GNG will be responsible for building and operating the stations under a management contract and under its flagship OKKO brand. The proposed IFC investment is a corporate long-term financing and EBRD, a joint lender for the previous GNG project, is being offered the option to match the IFC financing.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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