The terminal, based in the Russian Baltics, is considered to be the largest rail/ocean transshipment terminal in the world, with a projected capacity of more than 30mtpa.

The Swiss-based oil trader said Credit Suisse acted as coordinator and mandated lead arranger for the facility.

Other banks involved were Gazprombank, Raiffeisen Bank, ZAO Raiffeisenbank, Natixis, Bank of China (UK), ABN AMRO Bank and VTB Bank (Deutschland).

“This