Rosneft CEO Igor Sechin has used a bank loan to increase his stake in the oil giant’s charter capital.

      Among a group of top managers, incentivized to improve Rosneft performance, he increased his shareholding in the company from 0.0075 percent to 0.0849 percent with the help of the funds borrowed from Gazprombank, says Vedomosti.

      Experts say that Sechin wants to cash in on the expected hike in profitability of the company which sealed the TNK-BP purchase deal last year to become the world’s largest crude producer.