OREANDA-NEWS. January 27, 2014. Sviaz-Bank has opened a revolving credit line, with a drawdown limit of 2.5 billion rubles, to Siberian Services Company, CJSC, that has already drawn down 1 billion 653 million rubles.

The credit line has been opened for a period of up to three years to finance the company’s current projects.

Siberian Services Company, CJSC, offers a wide range of services to enterprises in the oil and gas industry focusing their core activities on exploration and production drilling of oil and gas wells. The company has Rosneft Oil Company, OJSC, Gazprom OJSC, Gazpromneft OJSC, NOVATECH OJSC, and Russneft Oil and Gas Company, OJSC, among the company’s key partners.

“Sviaz-Bank has joined the ranks of partners of the Siberian Services Company, which is a leading company in the industry. We are certain that more funding from Sviaz-Bank will help the company reinforce its positions in the marketplace, launch new projects, make its competitive edge sharper, and ultimately contribute as much as it can to the development of the oil and gas industry,” said Sergey Volokhov, Vice Chairman of Sviaz-Bank’s Management Board.