Rosneft Signs Oil Deal With BP | News | The Moscow Times:
"Rosneft signed its second major agreement with BP on Friday since sanctions were imposed on the Russian oil company's chief executive, a close ally of President Vladimir Putin, over the Ukraine crisis.
The five-term agreement, signed in Khabarovsk in Russia's Far East in the presence of BP's chief executive, Bob Dudley, will supply the British company with up to 12 million tons of oil products which can be replaced by oil, Rosneft said.
It said the deal assumed a prepayment of at least $1.5 billion which had been arranged by leading global financial institutions. Rosneft did not disclose the name of the banks but said supplies could start in July."
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