"Rosneft" to require debt restructuring.
Edited by Rhod Mackenzie / 2015-09-02 06:11:59
The company disclosed the debt repayment schedule.
By the end of the year "Rosneft", the total debt of which amounts to $ 54.3 billion, expects to return nearly $ 11 billion to creditors, and in 2016 - even more than $ 15 billion, instead of the previously planned $ 13.3 billion. Despite this, the company plans to increase capital investments by 30 % compared to 2014, although it admits that may reduce investment. Experts believe that the implementation of plans for the next year will require the oil company to maintain free cash flow and restructure around half of the amount of duty payable.