Rosneft oil tender thins ahead of deal with traders
LONDON Feb 25 (Reuters) - Russia's Rosneft plans to cut volumes of crude it sells through its biggest six-month tender by almost a third, traders said on Monday, as the state oil major prepares to clinch an oil-for-loans deal with traders Glencore and Vitol.
Trading sources told Reuters on Monday Rosneft issued its regular six-month crude sell tender offering a maximum of 10.6 million tonnes of oil, down 4.8 million from the previous tender.
Rosneft is seeking to borrow up to $10 billion from Glencore and Vitol, using future oil exports as collateral, to complete its purchase of TNK-BP and become the world's biggest listed oil producer. (Reporting by Dmitry Zhdannikov; editing by James Jukwey)
- U.S.'s Kerry expresses regret to India over diplomat case |
- Mega Millions winners in Georgia, California to split $648 million |
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- China confirms near miss with U.S. ship in South China Sea
- Fed cuts bond buying in first step away from historic stimulus |