Bloomberg News

Rosneft Said to Be in Talks for $2 Billion in Pre-Export Loans

January 16, 2012

Jan. 16 (Bloomberg) -- OAO Rosneft, Russia’s biggest oil producer, is in talks with lenders to raise $2 billion in pre- export financing, according to a person with direct knowledge of the deal.

Rosneft signed $2 billion of five-year credit lines last month that pay 1.85 percentage points more than benchmark lending rates, according to data compiled by Bloomberg.

Rustam Kazharov, a Rosneft spokesman in Moscow, declined to comment on the financing.

--With assistance from Anna Shiryaevskaya in Moscow. Editors: Andrew Reierson, Paul Armstrong

To contact the reporter on this story: Louise Meeson in London on lmeeson@bloomberg.net.

To contact the editor responsible for this story: Faris Khan at Fkhan33@bloomberg.net.


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