OREANDA-NEWS. January 22, 2013. The Bank of Moscow has decided to set a credit limit of 600 million roubles for OOO ST Engineering, which engages in construction and design of civil and industrial facilities. The company is the exclusive, full owner of a number of innovative technologies in the oil and gas sector of Russia and the CIS. The loan funds will be used to replenish the company’s circulating capital and finance its contractual obligations.

OOO ST Engineering has been operating since 2007. It acts as general contractor and general designer, has its own construction design bureau and a plant in Surgut producing anchoring and bored piles. It uses unique technical solutions for constructing pipelines for Gazprom, SIBUR, NOVATEK and others. It collaborates actively with the biggest North-American construction companies NACG and LEDCOR, specialising in underground engineering work and construction of modern high-rise buildings.

The Bank of Moscow actively co-operates with enterprises in the real sector of the economy and focuses particularly on crediting representatives of this sphere. "We hope that co-operation one of the market leaders, as ST Engineering undoubtedly is, will be mutually beneficial and effective", commented Maxim Kokorin, Vice-President and Director of the Bank of Moscow Corporate Sales Management Department.