OREANDA-NEWS. August 22, 2012. A loan agreement was signed in Astana between LLP "Atyrau Oil Refinery" (AOR) and JSC "Development Bank of Kazakhstan" with the funds intended for construction of a Deep Oil Processing Complex (DOPC), reported the press-centre of KASE.

The DBK loan equals to USD252 m. The loan is provided for as long as 13.5 years.

On the part of DBK the agreement was signed by Managing Director, member of the Management Board, Dauletkhan Kilybaev, on the part of AOR - by the plant's finance director Lyazzat Aktaubaeva.

"Construction of the Deep Oil Processing Complex will become another project financed by the government Development Bank of Kazakhstan under the state Program of Industrial and Innovative Development (SPIID). Totally there are 26 SPIID projects today being at various stages of financing. The Bank will keep rendering financial assistance to strategic projects in the petrochemical sector", - said Dauletkhan Kilybaev, Managing Director, member of the Management Board.

Besides, both parties pointed out that signing of the Additional agreement is an important stage of the long-term co-operation aimed at modernization of the country's oldest oil refinery.

We remind you that earlier, in 2010, a General loan agreement covering the construction of the Aromatic Hydrocarbons Production Facility was signed between DBK and AOR.

The project of construction of the Deep Oil Processing Complex which will also be carried out under partial financial support from the DBK, is the final stage of AOR's complete reconstruction.