Rosneft Repays $10.6B in Loans before Time for TNK-BP Takeover
MOSCOW, March 25 (Reuters) – Russia's Rosneft, the world's largest listed oil company by output, said on Tuesday it had repaid some $10.6 billion to international banks raised for its takeover of TNK-BP.
Rosneft, headed by Igor Sechin, a close ally of President Vladimir Putin, said it paid back loans ahead of time in December-March.
Rosneft paid $55 billion to buy TNK-BP, once Russia's third largest oil producer, partly using loans.
(Reporting by Katya Golubkova, editing by Elizabeth Piper)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Eni Looks To Strengthen Ties With Rosneft, Maybe In LNG (Oct 19)
- Kremlin Oil Major Piles Up Investments In Iraq's Kurdistan Amid Crisis (Oct 18)
- China's CEFC Eyes Big League With Rosneft Oil Offtake Deal (Oct 17)