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Rosneft to repay $4.7 bln of debt in 2016

In June, the figure was planned at $9.2 bln

© AP Photo/Mikhail Metzel

MOSCOW, August 18. /TASS/. Rosneft at the end of 2016 is going to repay another $4.7 bln of debt, despite the fact that in June the figure was planned at $9.2 bln, according to the company’s materials on the Q2 results.

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The company earlier planned to repay the $14.3 bln in 2016.

According to the company, repayment of $11.7 (previously planned $9.7 bln) was planned in 2018, $12.2 bln ($11.7 bln) in 2018, $1.9 bln ($ 1.8 bln) in 2019, $15.6 bln in 2020-2029.

The company notes that it maintains significant balances of liquidity - over $20 bln at the end of 2015 and the Q1 of 2016.

It was reported earlier that net debt of Rosneft in the Q2 2016 decreased by 2.1% - to $23.4 bln.

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Here are the key statements, made during the meeting

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