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Wednesday, July 19, 2006

Rosneftegaz' revenue from Rosneft's IPO disclosed

RBC, 18.07.2006, Moscow 19:59:56.The net revenue of Rosneftegaz from Rosneft's IPO (excluding the commission charges) will exceed $8.392bn, Rosneft's official documents read. Rosneft itself will raise over $1.891bn from the IPO after commission fees. The company intends to allocate the funds received forits investment program and general expenses, while Rosneftegaz will pay its debt.

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