Finances for Russian refinery project. (Barclays Bank of Canada to finance oilrefinery)

Barclays Bank of Canada has concluded a major project-financing structure for Novokuybyshev, one of Russia's largest refineries. The total project when complete will be in excess of US$1.1 billion, financed in tranches of US$250 million. The deal, which has taken a year to structure, is the first time a Canadian chartered bank has acted as project and financial adviser to a Russian refinery