Rosneft to receive $25 billion as a prepayment for oil supply to China
Edited by Rhod Mackenzie / 2014-01-20 11:33:45
Rosneft will receive $25 billion from CNPC as a prepayment for oil supply to China, analysts of UBS bank thinks.
“According to our assessments, Rosneft will receive $25 billion as a prepayment in 2014 (in 2013 - $21 billion) and $65 billion in 2013-2017. We believe that Rosneft will acquit its debt before the appointed time and will monetize the synergy from BP-TNK integration,” – their review says.
