Bloomberg: Rosneft Said to Mull Purchases, Aid to Meet $50 Billion Gas Deal

OAO Rosneft may have to turn to competitors to buy natural gas and state aid to help honor a $50 billion contract it won away from OAO Novatek three years ago, according to two people with knowledge of the matter.

Rosneft may supplement its own output with fuel purchases when the contract with power utility OAO Inter RAO UES starts next year, the people said, asking not to be identified because the information isn’t public.

Read the full article HERE.