Rosneft repays $10.6 bln in loans before time for TNK-BP takeover

MOSCOW, March 25 Tue Mar 25, 2014 2:32am EDT

Related Topics

MOSCOW, March 25 (Reuters) - Russia's Rosneft, the world's largest listed oil company by output, said on Tuesday it had repaid some $10.6 billion to international banks raised for its takeover of TNK-BP.

Rosneft, headed by Igor Sechin, a close ally of President Vladimir Putin, said it paid back loans ahead of time in December-March.

Rosneft paid $55 billion to buy TNK-BP, once Russia's third largest oil producer, partly using loans. (Reporting by Katya Golubkova, editing by Elizabeth Piper)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article