Rosneft to attract a loan in the amount of 68 billion rubles from RN Holding

Rosneft’s Board of Directors have approved theattraction of a loan in the amount of 67.9 billion rubles from RN Holding for 5 years; the amount with interests will make up 91.665 billion rubles, the company reports.

The Board of Directors also approved the termination of implementation of a business project within joint venture Yugragazpererabotka and new terms of cooperation with Sibur Holding company. It was reported previously that Sibur would buy a share of Rosneft in their joint venture Yugragazpererabotka, increased its ownership to 100%.