OREANDA-NEWS  On 17 November Integra Group (LSE:INTE), a leading Russian independent provider of onshore oilfield services and manufacturer of oilfield services equipment, announced that since October 15, 2008 it had paid down another USD  60 million of its short term debt.

The following loans have been paid down: - RUB 600 million (USD 22 million) loan from Sberbank; - three loans with a total of RUB 603 million (USD 23 million) to Alfa-Bank ; - USD 15 million loan amortization was paid to ABN AMRO and ING Bank N.V., reducing the principal of the USD 150 million loan maturing in January 2009 to USD 135 million;

Together with partial repayment of the Amsterdam Trade Bank loan, which was announced on October 15,2008, the total short term debt repaid in the last five weeks amounts to USD 100 million.

Following the repayment of the loan to Sberbank the Company opened a new 12 months working capital facility of up to RUB 600 million (USD  22 million) with this institution. This demonstrates the ability of the Company to secure financing from Russian banks in a very challenging credit market environment.