| Project Detail |
name of the project Production of K5 eco-class motor fuels
Stage 1 (production of K5 eco-class motor gasoline)
Stage 2 (production of K5 eco-class diesel fuel)
Description of the project Expansion and modernization of production, which results in:
production of high-quality fuel that meets Euro-5 standards;
deepening the processing of hydrocarbon raw materials in order to increase the range of finished products and extract additional volumes of light oil products;
covering the growing shortage of motor fuels in the domestic market and eliminating the dependence of the western region of the Republic of Kazakhstan.
The project was implemented within the framework of the State Program of Industrial and Innovative Development of the Republic of Kazakhstan for 2015 - 2019.
Borrower Development Bank of Kazakhstan JSC JSC "Condensate"
Products and services
K5 standard petrol car;
diesel fuel of K5 standard;
gas oil fraction;
vacuum gas oil;
tar;
technical sulfur
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Project financing structure Project cost Stage 1 - 168.6 million US dollars (100%)
Stage 2 - 9 662 million tenge (100%)
Participation of Development Bank of Kazakhstan JSC, in the context of financing currencies Stage 1 - up to 120,000 thousand US dollars (71.16%):
Sublimit No. 1 - 77,068 thousand US dollars;
Sublimit # 2 - 14,184,833 thousand tenge
Stage 2 - 7,120 million tenge (73.3%)
Borrowers own participation Stage 1 - 48,631 thousand US dollars (28.84%)
Stage 2 - 2,542 million tenge (26.3%)
Participation in project financing of other creditors Not provided
Conditions for the provision of a financing instrument for Development Bank of Kazakhstan JSC Funding currency US dollar / Kazakhstani tenge
Financing instrument type Medium and long-term lending for investment projects
Remuneration rate Interest rate on loans:
Stage 1:
Sublimit No. 1 - 8.5% per annum;
Sublimit No. 2 - 7% per annum
Stage 2 - 11% per annum
Loan term Stage 1 - up to 11 years old;
Stage 2 - up to 10 years.
Sources of financing Own funds of Development Bank of Kazakhstan JSC, borrowed funds (including funds from the National Fund of the Republic of Kazakhstan) |
