Oil and gas companies can count on finances of the Russian National Wealth Fund
14:15 8 октября 2014
Категории: News in English
Oil and gas companies, not depending on the form of their property, can count on access to finances of the Russian National Wealth Fund. This information was given by Vice Prime-Minister of the Russian Federation Arkady Dvorkovich.
As he notes, it was decided to invest a part of finances to separate projects. The Fund places remaining finances temporary to marketable securities. The first – oil companies can send applications for financing of concrete projects. The second – the opportunity of temporal placement of remaining finances of the Fund to marketable securities, including of oil companies, is scrutinized. Here there is no connection with the form of property, whether it is a state or private company. As he adds, finances will be given for long-term period of time. Earlier, Rosneft and NOVATEK applied to the Russian National Wealth Fund with the request about allocation of finances. As it is declared by the head of the Ministry for finances Anton Siluanov, they, probably, will be able to receive finances from the Russian National Wealth Fund already this year, but under general conditions and for already existing projects, as RIA «Novosti» informs.