Bloomberg News

Rosneft, Transneft Deals Reviewed by Prosecutors, Vedomosti Says

April 11, 2012

The Russian prosecutor-general’s office began a review of contracts by OAO Transneft and OAO Rosneft with China, Vedomosti reported today, citing documents from the office.

The 25-year contracts were signed in 2009. China agreed on a $25 billion loan to the Russian companies in return for the guaranteed supply of 300 million tons of oil from 2011 through 2030.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


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