Energy, EU – Baltic States, Investments, Lithuania, Loan, Oil, Transport

The agreement will correspond to the common practice of the EIB, under which: the maximum credit amount shall be 87,000,000 euros (300,000,000 litas); the term of the credit shall be up to 20 years; the interest will be variable or fixed, which rate would be provided in the EIB's disbursement proposal; the condition precedent to disbursement of the credit by the EIB to the company – an obligation to submit a state guarantee ensuring the company's monetary obligations under the credit agreement.

Klaipedos Nafta's Board decided to establish that the board's decision referred to in paragraph one shall come into force after the Board of the EIB takes the decision on entering into the credit agreement and the general meeting of shareholders of the Company approves the EIB's decision.