March 25, 2014 / 6:36 AM / 4 years ago

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

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)

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