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Vostok

Sector: Oil and Gas • Location: Russian Federation

Source: International Finance Corporation (IFC)

Project
Completed

IFC has been requested by the management of Vostok Energy Limited (Vostok or the company) to provide a financing package of up to $50 million for its own account, as a combination of equity, quasi-equity and senior debt. This investment would help Vostok finance the $150 million 2007-1Q2009 capital expenditure program at its principal asset – the mostly natural gas bearing Bortovoy license block

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

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Email

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Description

Description

IFC has been requested by the management of Vostok Energy Limited (Vostok or the company) to provide a financing package of up to $50 million for its own account, as a combination of equity, quasi-equity and senior debt. This investment would help Vostok finance the $150 million 2007-1Q2009 capital expenditure program at its principal asset – the mostly natural gas bearing Bortovoy license block – which is located in Saratov Region of Russia. The project is expected to include drilling of new wells; selective re-entry of existing wells; acquisition and processing of seismic information; and construction of a gas processing plant and other field infrastructure (it currently produces a limited amount of oil and condensate, constrained by the need to flare the associated gas, in the absence of gas processing infrastructure).

Original sub-sector

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Original Currency

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Original budget

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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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Article Published Date

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