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2014-03-11 16:38:00

ROSNEFT & BP: LIVE AND LET DIE

ROSNEFT & BP: LIVE AND LET DIE

REUTERSTo understand Western unease about the idea of imposing wide-ranging sanctions on Moscow over its intervention in Ukraine, consider an ongoing deal by one of the Kremlin's corporate giants.

Russian state oil company Rosneft is working to obtain up to $5 billion from oil major BP, which owns a fifth of Rosneft, in exchange for oil supplies over five years, three banking and trading sources familiar with the details said.

BP is in turn syndicating the money from a consortium of banks including Lloyds, partially owned by the British government, and Germany's top bank Deutsche.

The banks and BP declined…

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Tags: ROSNEFT, BP, GLENCORE, VITOL, РОСНЕФТЬ

Chronicle:

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