Kom Munai will use the loan to fund capital expenditures to sustain and expand production at its Komsomolskoye field in Kazakhstan and for the refinancing of loans received from companies within the Petrom Group.
EBRD’s board is expected to review the loan on July 9.
Kazakh Kom Munai is majority owned by OMV Petrom, an affiliate of Austrian gas and oil group OMV.