Rosneft seeks standby loan

Russia's heavily-indebted state oil company Rosneft is seeking a $5.5 billion Japanese standby loan amid fears of a delay in its upcoming initial public offering, where it hopes to raise a world-record $20 billion, bankers said.

Back-up plan: Rosneft boss Sergei Bogdanchikov
Back-up plan: Rosneft boss Sergei Bogdanchikov
Published 28 February 2006, 15:58Updated 6 October 2016, 12:00
Eastern Europe