The total cost of Russian oil giant OAO Rosneft's (ROSN.RS) deal to buy 50% of TNK-BP Ltd. from the AAR consortium of tycoons will be $28 billion plus interest at 3.75% per annum from Oct. 16 to the closing date of the deal, Rosneft said in a statement Thursday, confirming its board had approved the deal.
The total cost of Russian oil giant OAO Rosneft's (ROSN.RS) deal to buy
50% of TNK-BP Ltd. from the
AAR
consortium of tycoons will be $28 billion plus interest at 3.75% per annum from
Oct. 16 to the closing date of the deal, Rosneft said in a statement Thursday,
confirming its board had approved the deal.
State-controlled Rosneft and
AAR
signed a definitive agreement Wednesday as part of a $55 billion deal that will
make Rosneft the largest listed oil producer by output. Rosneft agreed a final
deal to buy out BP PLC's (BP) 50% stake in TNK-BP in October. The deals are
expected to close in the first half of next year.
In a statement Thursday, Rosneft also said its board had approved the company's
memorandum of understanding with a subsidiary of Venezuela's state oil company
Petroleos de Venezuela SA to develop heavy oil reserves in the South American
country, as well as providing the company with a loan.
Rosneft will hold a 40% stake in the Carabobo-2 North and Carabobo-4 West
blocks in the
Orinoco
heavy oil belt, with the rest
owned by PdVSA. Rosneft will pay an entry bonus of $1.1 billion and extend a
market rate $1.5 billion credit facility to PdVSA.
Διαβάστε ακόμα
Τρι, 24 Σεπτεμβρίου 2024 - 19:58
Τρι, 24 Σεπτεμβρίου 2024 - 19:54
Τετ, 18 Σεπτεμβρίου 2024 - 18:32
Τετ, 18 Σεπτεμβρίου 2024 - 18:27
Τρι, 17 Σεπτεμβρίου 2024 - 20:01