Friday, January 19, 2018

Rosneft Plans to Close Essar Deal Soon

Posted by August 8, 2017

Russia's Rosneft plans to close the deal to buy a stake in India's refiner Essar Oil (ESSAROIL.BO) in the coming days, Pavel Fyodorov, Rosneft first vice-president, told a conference call on Tuesday.

He added that Rosneft had made around $6 billion in pre-payments to Venezuelan state company PDVSA and had no immediate plans to make any further advance payments soon.

(Reporting by Oksana Kobzeva and Olesya Astakhova; writing by Katya Golubkova)

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