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Monday February 07, 11:36
Rosneft denied involvement of overseas banks in Yugansk purchase
(by Peter Van Bruggen)

Rosneft denied involvement of overseas banks in Yugansk purchase

Rosneft, Russian state-owned oil company that purchased YUKOS subsidiary Yuganskneftegaz says the purchase has nothing to do with the statement of possible financial help from abroad.

The controversial purchase evoked gossips over the funds involved in a costly deal of $9.35 billion. In an attempt to explain the situation, Sergey Bogdanchikov, Rosneft’s chief executive, stressed there were no foreign banks involved and the company raised the funds for the deal inside the country.

"Rosneft obtained the funds to pay for 76.79% of Yuganskneftegaz shares from a syndicate of Russian banks and from the sale of some of our assets," Mr. Bogdanchikov said to the Interfax news agency on Saturday.

YUKOS oil company filed for bankruptcy last year. Its largest oil subsidiary was not allowed to be purchased by any of foreign bank and was finally bought by Russia’s state-owned Rosneft.

Rosneft received a $6 billion loan from China secured against the supply of 48 million tons of oil, Rosneft officials said last week. It might have helped the company to get YUKOS oil queen, people say.








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