Rosneft Repays Part of Loan Used for TNK-BP Acquisition

Russia’s Rosneft has repaid a portion of a loan received earlier from a group of international banks to support the acquisition of TNK-BP.

 

With the early repayment announced earlier, the overall amount paid towards the settlement of the principal debt totaled around USD 5.1 billion.

Igor Sechin, President of Rosneft, commented: “Financial standing of Rosneft allows us to repay the loans ahead of schedule, which demonstrates the Company’s responsible attitude towards responsibilities we assumed. We generate sufficient financial resources to implement our plans and, looking forward, will continue the work to reduce our external debts”.

In December last year Rosneft signed two loan agreements with a group of international banks for the total amount of U.S. $16.8 billion to finance the acquisition of 50% stake in TNK-BP from BP.

In March this year Rosneft completed one of the largest oil industry acquisitions in history by buying TNK-BP from BP and AAR.

Offshore Energy Today Staff, December 26, 2013

 

Share this article

Follow Offshore Energy Today

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply