Sechin explained the request for funding of “Rosneft” of NWF – RBC

Sechin explained the request for funding of "Rosneft" of NWF – RBC

The president of” Rosneft “Igor Sechin.

Photo: Getty Images / Fotobank

The president of “Rosneft” Igor Sechin said the company has asked the government to provide loan rather than a loan. According to him, the money of “Rosneft” necessary for the implementation of new projects in Eastern Siberia and the Far East.

«This is not a loan, and the loan, which facilitates the implementation of new projects in Eastern Siberia and the Far East” – Sechin told Itar-Tass, noting it is including the Eastern Petrochemical Company, the investment in which is estimated at 1 trillion rubles.

«While there is a discussion of the conditions. But it certainly is more efficient in terms of accommodation, rather than abroad, “- said the head of” Rosneft ».

« Rosneft “expects net profit for the year 2014 at the level of 400 billion rubles, said Sechin. “The financial condition of the company on the market better than our competitors. Calculations on loans on schedule. Our appeal to the government [for funds from the NWF] is not associated with our debt, “- he explained.

The Russian government in mid-September approved the investment program of” Rosneft “, finding it” reasonably constructed. ” Cabinet has decided that the company is entitled to receive money from the National Welfare Fund (NWF), told the Deputy Prime Minister Arkady Dvorkovich.

Earlier, Finance Minister Anton Siluanov noted that this year got under sanctions’ Rosneft “and Novatek may receive financial support from the NWF on current projects.

« We decided that to 60% of SWFs can be invested in projects, infrastructure projects Rosatom and Russian Direct Investment Fund. We agreed that we can additionally review the structure of investment and part of the funds provided under the 60%, to redistribute large companies, which today lost the external debt markets. First of all, it’s “Rosneft” and Novatek “, – explained the head of the Ministry of Finance.

Economic Development Minister Alexei Ulyukayev, in turn, expressed doubt that” Rosneft “and Novatek can get support from the National Welfare Fund to the end in 2014.

Prime Minister Dmitry Medvedev promised to support the Sept. 8 “Rosneft” to maintain the level of production. So he said in an interview with the newspaper “Vedomosti” on the question of the possibility of the “fantastic application of” Rosneft “to finance the debt by $ 1.5 trillion».

«This figure only looks impressive, but it is not one year. I recently held a meeting on investment in “Rosneft”: the company needs to maintain the level of production, because “Rosneft” – major contributors to the budget. We must in this sense, they help maintain the level of investment. Specific parameters and methods of support, we are now considering, “- said the head of government.

For the first time the possibility of allocating 1.5 trillion rubles. “Rosneft” in mid-August 2014 said “Vedomosti” newspaper, citing sources from the oil industry and federal officials. According to the newspaper, the president of the company, Igor Sechin suggested that the State buy out by the National Welfare Fund new bonds of the oil company.

Soon “Rosneft” asked for further calculations on the proposals, and agencies – to work offers. About RBC representative Dvorkovich told Alia Samigullina. Among the proposals, according to sources, RBC, and was requested to allocate $ 1.5 trillion rubles. Company was asked to justify the idea to support its liquidity, sources said RBC government.

«Rosneft» NOVATEK and hit the American sanctions list in July 2014. Investors and banks to lend to the United States was banned these companies. September 12 the United States expanded sanctions against Russia. American sanctions list appeared bigger European – he “covered” almost all Russian oil and gas sector.

American companies are forbidden to provide “Gazprom”, “Rosneft” LUKOIL “Surgutneftegaz”, “Gazprom Neft” and Novatek goods and technologies necessary for the development of oil fields in deep water and the Arctic shelf, as well as in shale formations. United States adopted measures designed to prevent the supply of technology and equipment to Russian companies, even through intermediaries.

To state may “compensate” sanctions Photo- The government on Monday issued a instructed the Finance Ministry to purchase in 2014 by the National Welfare Fund preferred shares of VTB Bank and Agricultural Bank totaling 239 billion rubles. The fact that the government intends to help systemically important banks in this way, President Vladimir Putin said at the St. Petersburg International Economic Forum in late May. His assistant Andrei Belousov then explained the need for this measure the deterioration of bank loan portfolios.
 
 After the introduction of the first sanctions against Russia in the spring Kostin told the president that the banking sector in general and in particular VTB replace loans that Russian companies used to take on the international markets. In this regard, he said, has grown our loan portfolio – twice as high as predicted for 2014. The need for various forms of assistance from the state, meanwhile, claims to have a number of companies, which are associated with requests sakntsiyami against Russia and with counter measures taken by the government.
           View 5 photos