In 2012 RussNeft intends to reduce its debt by 600 million USD up to 4.4 billion USD.
Moscow. In 2012 RussNeft intends to cut down the debt by 600 million USD up to 4.4 billion USD - stated President of the Company Mikhail Gutseriev. ”We`ll cut it down by 600 million USD”,- said Gutseriev to the journalists behind the scenes of “Forum Russia 2012”.
Company spokesman specified that at present RussNeft debt makes 5 billion USD. Consequently, at the year-end Company debt will make 4.4 billion USD. As the Company stated before, in 2011 RussNeft cut down the debt by 15% - up to 5.061 billion USD from 6.208 billion USD.
According to the RussNeft estimations the gradual easing of the percentage load will allow the company to allocate the released capital to investment projects implementation – hydrocarbons production growth, exploration and gas projects development.