Oil Giant Rosneft Requests Massive State Support to Withstand SanctionsRussia's Rosneft, which produces more oil than Iraq or Iran, is seeking a $42 billion loan from a fund earmarked for Russian pensions to help it weather Western sanctions imposed over Moscow's role in Ukraine. Analysts expected the Russian government to turn down the proposal by the world's largest-listed oil producer, one-fifth owned by BP and run by a close ally of President Vladimir Putin, unless political pressure is brought to bear.
Rotterdam, 14/08/2014-INC News
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