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CORPORATE NEWS

Nafta received $10m loan

Nafta Inc., Gbely, and Bank Austria's Slovak branch signed an agreement on a $10 million (335 million Sk) loan in the first week of November. The loan matures in the year 2000, and its interest rate was set at LIBOR plus/minus one percent. The loan will be used to finance reconstruction efforts to upgrade Nafta's underground gas storage facilities.

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