Rosneft (RNFTF.PK) signs loan agreements for $16.8B, hauling in almost the exact amount of cash...

|About: Rosneft Oil Company OJSC (RNFTF)|By:, SA News Editor

Rosneft (RNFTF.PK) signs loan agreements for $16.8B, hauling in almost the exact amount of cash it needs to pay BP for its share in TNK-BP. In October, the Russian oil company agreed to pay BP $17.1B in cash and ~13% of its shares in return for getting BP’s 50% stake in the venture.