The International Banking Consortium provides a syndicated loan worth $240 million to the TRANS OIL group of companies for the purchase of 2018 harvest’s agricultural products from producers and economic agents

The International Banking Consortium provides a syndicated loan worth $240 million to the TRANS OIL group of companies for the purchase of 2018 harvest’s agricultural products from producers and economic agents

This is provided by an appropriate agreement, which the parties signed in Paris on July 11. According to the press service of the TRANS OIL group of companies, the international banking consortium headed by Societte Generale Paris, included as well the following international banks: ING Belgium, UniCredit Bank Austria AG, Black Sea Trade and Development Bank, FIMBank p.l.c, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV, Arab Bank Ltd., Banque Cantonale Vaudoise. TRANS OIL President Vaja Jhashi noted that, thanks to cooperation with international financial institutions, TRANS OIL, the largest producer of sunflower oil in Moldova and an exporter of cereals, oilseeds and legumes, can guarantee agricultural producers timely payment for their products at the most favorable prices. "Our task is not only to provide convenient export opportunities for Moldovan producers, but also to pay them promptly for their products at the best prices. A reliable buyer, which is the TRANS OIL group, is a timely calculation that allows working normally and planning development for future years," he stressed. In the upcoming season, the TRANS OIL Group plans to purchase more than 500 thousand tons of sunflower seeds and more than 1.2 million tons of grain (wheat, barley, rapeseed, corn, peas) and over 100 thousand tons of soybeans. As previously reported, the TRANS OIL group increased the transshipment capacity in the Giurgiulesti port and brought it up to 1.6 million metric tons of agricultural products per year. The largest oil and fat plant Floarea Soarelui in Balti has launched a new oil extraction department that allows processing more than 300 thousand tons of sunflower seeds per year. In addition, it was launched the oil and fat plant in Ceadir-Lunga - Trans Oil Refinery with a production capacity of more than 135 thousand tons of seeds per year. Trans Oil group of companies is the largest buyer and exporter of cereals and oilseeds in Moldova. The group includes 16 elevators all over the country, capable of simultaneously storing more than 750 thousand tons; 2 oil-extraction plants in Balti and Ceadir-Lunga, with a production capacity of 1200 tons per day and 400 tons of sunflower a day, respectively; 2 grain terminals and a terminal for sunflower oil in the Giurgiulesti port; as well as a number of agricultural, transport, infrastructure enterprises, including in Ukraine. Trans Oil group of companies own a fleet of modern railcars, as well as a modern fleet of trucks for freight traffic. //11.07.2018 - InfoMarket.

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