The head of Rosneft (ROSN.RS) said Monday that the deal for the state-run oil company to buy out both sides of the troubled TNK-BP joint venture could be financed by Western banks, Interfax reported.
							        
							        
								        
						                    
						                        
					                        
									        
The head of Rosneft (ROSN.RS) said Monday that the deal for the
state-run oil company to buy out both sides of the troubled TNK-BP joint
venture could be financed by Western banks, Interfax reported. 
	
	
"There is a possibility the deal will be covered by raising funds from
Western banks," Igor Sechin said. 
	
	
Rosneft says it has agreed to pay $28 billion for the 50% stake owned by the 
AAR
consortium of Soviet-born billionaires, and $17.1 billion for BP PLC's (BP) 50%
stake. BP would also receive shares comprising 12.84% of Rosneft as part of the
deal.
                                            
                                            
                                            
								         
										
										
										
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