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"Eastern Oil Company" - a project through which Rosneft justifies an application for funds from the SWF

Rosneft has submitted to the RF Ministry of Energy a justification for its application for funds from the National Welfare Fund (NWF), Deputy Energy Minister Kirill Molodtsov told reporters. According to him, the department plans to work through the application before the beginning of next week.

According to the Interfax news agency, the deputy minister noted that Rosneft asks for money for "concrete projects", including the development of the Eastern Petrochemical Company (VNKhK), as well as other projects related to the extraction and processing of oil. At the same Molodtsov refused to disclose the exact amount of the application. Earlier it was reported that the amount requested by Rosneft is 2,4 trillion rubles.

5 November it became known that the Ministry of Economic Development and Trade returned the application of Rosneft for revision because it incorrectly spelled out the distribution of costs, since the company's own funds should be at least 15% of the required investments. "Rosneft" agreed to adjust the document, RBC reports.

Later, Russian President Vladimir Putin did not rule out that Rosneft could receive funds from the NWF, but noted that the issue of the amount and timing of the allocation "requires elaboration" and "no fuss" in its decision will not be.

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