Rosneft mulls purchases to meet USD50b gas deal


(MENAFN) Rosneft may have to turn to competitors to buy natural gas and state aid to help honor a USD50 billion contract it won away from OAO Novatek three years ago, Gulf Times reported.

Rosneft may supplement its own output with fuel purchases when the contract with power utility OAO Inter RAO UES starts next year, two people familiar with the matter said, asking not to be identified.

Rosneft, which pumps about 40 percent of Russia's oil and 9 percent of its natural gas, asked for state aid last year after the US curbed its access to borrowing, citing President Putin's involvement in the conflict in Ukraine.


MENAFN

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