Last Updated December 14, 2011
Rosneft closes jumbo facility
Russian oil producer Rosneft has closed a US$2bn five-year credit line with Barclays Capital and 14 other banks.
Barclays is leading the deal, which was upsized from US$1.5bn.
This is the first time Rosneft has raised such a financing since 2009 when the firm tapped the market for a US$1.35bn 15-month pre-export facility.
Rosneft also signed a US$500mn five-year term loan facility in September with Nordea and SMBC. The loan was used for the firm’s production programme, involving the procurement of domestically produced oil and gas equipment.
Reader Comments