Bashneft to Attract $2bn For Russneft Purchase

March 18, 2010
Bashneft has agreed with Russian banks for a $2 billion credit line and may also attract foreign credit to finance a purchase of 49 per cent of Russneft, Oil and Gas Information Agency reported, citing the Wall Street Journal. Bashneft reached the agreement with Sberbank, VTB, Alfa Bank and Gazprombank on the 7-year $2 billion credit. 75 precent of this will be issued in rubles, Gazeta.ru reported, citing an unnamed source.

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