Politician says Russia vs Mexico football game will be interesting to watchSport June 23, 21:11
Kyrgyz president sees revival of relations with Russia as major result of his tenureWorld June 23, 20:49
Ex-premier says initiative to impeach Poroshenko stems from Ukraine’s economy collapseWorld June 23, 20:20
This week in photos: Confederations Cup opening and summer solstice celebrationsSociety & Culture June 23, 19:11
Turkish ambassador to Russia: Moscow and Ankara to join efforts in war on terrorWorld June 23, 18:45
Ukraine’s finance ministry files appeal to London Court against Russia in $3 bln debt caseBusiness & Economy June 23, 18:42
Ukrainian society tired of Poroshenko’s policy — expertRussian Politics & Diplomacy June 23, 17:58
Deutsche Welle sees Russian international broadcasters as threat to European ideasWorld June 23, 17:34
Watchdog claims Telegram provides means of communication to terroristsBusiness & Economy June 23, 16:45
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.