Bloomberg News

Gazprom Neft Considers 22.5 Billion Rubles of Sberbank Loans

February 24, 2012

Feb. 24 (Bloomberg) -- OAO Gazprom Neft’s board will vote on borrowing as much as 22.5 billion rubles ($764 million) from OAO Sberbank at meetings today and on Feb. 27, the Russian oil producer’s press office said.

The board will consider a non-revolving credit line from the country’s biggest lender today and a revolving credit line at the next meeting, according to Gazprom Neft’s press service, without giving a breakdown of the amounts.

To contact the editor responsible for this story: Torrey Clark at

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