ZAO Stimul
Sector: Government • Location: Russian Federation
Source: Multilateral Investment Guarentee Agency (MIGA)
Victory Oil B.V. received a $100 million guarantee from MIGA for its equity investment in the joint stock company ZAO Stimul. The guarantee will protect the investment against transfer restriction, expropriation, and war and civil disturbance. Half of the guarantee is covered by facultative reinsurance. The project involves the expansion of an oil field located in the southern Ural Mountains, nea
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | not active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Victory Oil B.V. received a $100 million guarantee from MIGA for its equity investment in the joint stock company ZAO Stimul. The guarantee will protect the investment against transfer restriction, expropriation, and war and civil disturbance. Half of the guarantee is covered by facultative reinsurance. The project involves the expansion of an oil field located in the southern Ural Mountains, near the city of Orenburg. State-of-the-art drilling and processing equipment will be installed to develop oil and gas reserves. Production is expected to reach 30,000 barrels of oil a day by 2004. The modern equipment installed will increase production and introduce new safety standards. All of the produced gas will be sold locally; some of the oil will be exported. The Russian government will receive an estimated $42.5 million in annual taxes, 60 percent of which will go to the local government. The investment is expected to create 648 highly paid temporary construction jobs in the Orenburg city area. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |