Business Services Industry

"ROSNEFT" TAKES MANY CREDITS

A&G Information Services, August, 2002

A&G Information Services 08-19-2002 "ROSNEFT" TAKES MANY CREDITS ST.PETERSBURG, RUSSIA, AUG 19, 2002 (A&G News via COMTEX) -- Statecompany "Rosneft" intends to borrow $200 millionfrom a syndicate of banks headed by BNP Paribas."Rosneft" plans to use the proceeds for purchaseof a blocking shareholding in Croatian companyINA.

During recent months "Rosneft" has takenmany credits. In June Sberbank promised to openfor the state company a credit line at $950million. Moreover, during the next several years"Rosneft" plans to receive from Sberbank severalmore billions of dollars. Earlier "Rosneft" hadattracted investments of foreign partners:"Shell", Indian ONGC and others. URL: http://www.aginform.com Copyright 2002 A&G Information Services...

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