Ukrgazvydobuvannia plans to start purchase of drilling equipment under Chinese loan in early 2017
PJSC Ukrgazvydobuvannia plans to start purchasing drilling equipment with China Development Bank credit funds in early 2017, head of the company Oleh Prokhorenko has said.
"We hope that if all bureaucratic procedures pass and the purchase of goods starts, it will be good if the supply of equipment will begin in late 2016 or early 2017," he told reporters in Kyiv.
According to him, the issue credit funds for the purchase of equipment requires an agreement on the company's proposals with the investment committee of NJSC Naftogaz Ukrainy, then the Ministry of Economic Development and Trade should provide its own conclusion and the national budget should foresee state guarantees.
Prokhorenko said that after all the necessary approvals and conclusions are received, Ukrgazvydobuvannia intends to purchase specific equipment on a tender basis.
"This is our vision, our condition. We do not want to be imposed expensive equipment... We have our own understanding of the specifications of the equipment, we understand what the equipment should do and how it should be assembled. In China there are enough producers, including American and European producers, which can fit the formal criteria of the loan," he said.