Russian state-controlled oil company Rosneft is request-ing financial support from Moscow to help reduce the impact of US and EU sanctions. Chief executive Igor Sechin has made a number of sug-gestions for support,including that the government buy 1.5 trillion roubles($45bn)of new debt to be issued by Rosneft —equivalent to its net debt at the end of the second quarter. Other support could come through Moscow granting priority access to undistributed offshore blocks,extending existing export duty subsidies for greenfield production and with funding for a massive refining and petrochemicals complex in Russia’s far east,Rosneft says(WPA,25 July,p10).
展开▼
