January 17, 2008   ROSNEFT OIL: Wants US$2 Billion Syndicated Loan to Repay Debt OAO Rosneft Oil Co. is holding talks with banks on raising a US$2 billion five-year syndicated loan secured on oil export revenues, Reuters reports citing a banking source. Rosneft would use part of the amount to repay US$11.75 billion in bridging loans, US$2.7 billion of which are due March 2008, the source added to Reuters.  The company used the bridging loan extended by eights banks to finance its acquisition of Yukos assets early 2007. The source told Reuters that the transaction will carry higher pricing than the margin of 50 to 57.5 basis points over LIBOR, that the oil group paid on its previous US$3.1 billion loan signed in July 2007.                          About Rosneft Headquartered in Moscow, Russia, OAO Rosneft Oil Co. -- http://www.rosneft.com/ -- produces and markets petroleum products.  The Company explores for, extracts, refines, and markets oil and natural gas.  Rosneft produces oil in Western Siberia, Sakhalin, the North Caucasus, and the Arctic regions of Russia.                          *     *     * OAO Rosneft Oil Co. carries a BB+ long-term corporate credit rating from Standard & Poor's Ratings Services.  S&P said the outlook is positive.  Ratings apply to date.
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