Rosneft to raise up to 4 bln for Vankor project

Rosneft to raise up to 4 bln for Vankor project


Rosneft is looking to raise between USD 2.5 billion and USD four billion in project financing to develop the Vankor group of fields in the Krasnoyarsk territory, Sergei Bogdanchikov, the oil company’s chief, told Interfax last Wednesday.
Investment in the project will amount to USD one billion in 2006, he said. “We’ll be financing that billion from our own profit this year, but we’ll be needing project financing after that. Realistically, we already have two (potential sources) for the USD 2.5-...


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