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Markets

Russia's Gazprom Neft to borrow around $2.5bn in 2018

Published February 28, 2018 Updated February 28, 2018 11:50am

MOSCOW: Russia's Gazprom Neft, the oil arm of Russian gas giant Gazprom, plans to raise around $2.5 billion in debt in 2018, Interfax news agency reported on Wednesday citing Alexey Yankevich, the chief financial official of the company.

Gazprom Neft may repay some of its debt early and is ready to refinance it if conditions are favourable, Yankevich said, according to the agency.

 

Copyright Reuters, 2018

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