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Under the heads of terms, Rosneft plans to sign contracts with prepayment for a duration of 5 years to supply up to 67 million tonnes of crude in total.
Supplies are expected to commence in 2013.
Sources close to Rosneft and potential lenders told Reuters that Rosneft and its traditional oil buyers were in talks on long-term deals to raise up to $10 billion, using future oil exports as collateral, to facilitate the TNK-BP acquisition.
Center>Copyright Reuters, 2012