Both Republicans and Democrats would back Russian and US efforts to improve tiesWorld December 08, 11:07
Diplomat says Russia and US close to understanding on AleppoRussian Politics & Diplomacy December 08, 10:28
Lukashenko says CIS turns into modern regional community over past 25 yearsWorld December 08, 9:40
S-400 missile systems put on combat duty in northwestern RussiaMilitary & Defense December 08, 8:47
Japanese Foreign Ministry officially announced Putin's visit on December 15-16World December 08, 7:04
Putin to meet with head of Eurasian Economic CommissionRussian Politics & Diplomacy December 08, 6:22
Russian envoy says relations with NATO started deteriorating long before Ukrainian crisisRussian Politics & Diplomacy December 08, 4:55
Contact Group agrees to settle water cuts issue in Lugansk within 7 days ― OSCE envoyWorld December 08, 2:58
Glencore expects deal on purchasing stake in Rosneft to close in mid-DecemberBusiness & Economy December 08, 2:03
MOSCOW, January 20. /ITAR-TASS/. Russian oil giant Rosneft will get $25 billion in prepayment for oil supplies to China in 2014 from the China National Petroleum Corporation (CNPC), UBS analysts say in a report.
The experts also estimate Rosneft will receive $65 billion of advance payment over 2013-2017. They believe the company will make early repayment of its debt and monetize the synergy from TNK-BP integration.
As earlier reported, Rosneft has already received the first tranche of prepayment from the CNPC. The funds were transferred in two parts according to the schedule. Reports also said Rosneft had already got $20 billion, while the UBS experts estimate the transfer at $21 billion.
In June, Rosneft and the CNPC signed a contract for the supplies of 360.3 million tonnes of oil worth $270 billion over 25 years. The Russian company will get a considerable part of this sum as a prepayment of “about 70 billion,” Russian President Vladimir Putin told the St. Petersburg Economic Forum.