Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

VTB Bank to issue 100 billion Ruble loan to Rosneft
22.06.2012 12:05
VTB Bank to issue 100 billion Ruble loan to Rosneft

VTB Bank and Rosneft, Russia’s largest oil company, signed a strategic partnership agreement on corporate finance and investment banking services during a meeting at the St. Petersburg International Economic Forum.

      
The agreement was signed on behalf of VTB Bank by Andrey Kostin, President and Chairman of the Management Board, and on behalf of Rosneft by  President and Chairman of the Management Board.

      
In addition to closer ties in corporate finance and investment banking, under the agreement VTB Bank will make available to Rosneft a RUB 100 billion 5-year credit facility to finance the company’s regional projects.

      
During the signing ceremony Andrey Kostin said: “VTB’s partnership with Rosneft is based on long-term and mutually beneficial cooperation. Financing the leader of Russia’s oil industry is a good example of the support that VTB provides to the real sector of the Russian economy”.

      
Rosneft is a leader of Russian oil industry and one of the world’s top publicly traded oil and gas companies. The company is primarily engaged in exploration and production of oil and gas, production of petroleum products and petrochemicals, and marketing of outputs. Rosneft has been included in the Russian Government’s List of Strategic Enterprises and Organizations. The company’s major shareholder (75.16%) is OJSC ROSNEFTEGAZ, which is 100% owned by the state.

      
Author: Irina Fomina

Tags: Russian banks Russian oil companies    

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Moscow  Russian Muslims  Sochi Olympic Games 2014  Tatyana Limanova  space  Russian laws  Yevgeny Zharikov  Exhibitions in Moscow  Mercedes-Benz Fashion Week Russia  Vitaly Churkin  Ropsha Palace  Andrei Panin  Russian roads  Russian Rock Music  MATIW  Russian Cinema  Red Square  immigrants  TechCrunch  Costa Concordia liner crash  New Cities  Russian science  Russian economy  Great Patriotic War  Ivan Vyrypaev  accident  Russian legislation  Siberia  Tver region  Emil Galle  Tele2 Russia  Boris Yukhananov  Russian Antique Salon  St. Petersburg  Russian business  Tsaritsyno  Deni  Opposition  Russian tourism  Sculpture  Winzavod  Russian scientists  Russian ballet  Russian hockey  Monuments to People  Moscow Metro  New Technologies  Pavel Nikonov  Sheremetyevo Airport  Zhiguli Mountains 


Travel Blogs
Top Traveling Sites