OREANDA-NEWS. The Bank of Moscow has established a 600 million RUR lending ceiling for ST Engineering, a company engaged in construction and design of civil and industrial sites. Within the limits of the above ceiling the Bank has opened a credit line amounting to 350 million RUR for the term of 3 years.

ООО ST Engineering has been carrying out its operations since 2007. It works as a general contractor and a general designer, has its own planning and design office and an anchoring and tubex pile factory in Surgut. It uses unique technical solutions when building pipelines for Gazprom, SIBUR, NOVATECH and other customers. It is an exclusive owner of a number of innovative techniques in the oil and gas sector both in Russian and the CIS countries.

"The Bank works in close co-operation with enterprises of the real economy sector and pays special attention to crediting the representatives of this sphere. We are ready to offer our partners beneficial conditions, top quality support and an individual approach", commented Eugeny Monin, Director of the Corporate Sales Management Department of the Bank of Moscow.

"We highly appreciate the partner relations between our organisations. An unconditional priority in the STE’s financial policy is long-term relations with banks and maintaining of a reliable borrower reputation", stressed out Eugeny Sakhonchik, General Director of ST Engineering. "The funds attracted within the framework of this agreement will enable us to use advanced innovative techniques in the field of pipeline buoyancy control that we successfully introduce".