Two landmark bank loans will reinforce the dominance in Russia's oil and gas sector of two of the largest state-controlled companies – fuelling rivalry between them.
State holding company Rosneftegaz is talking to banks about a $7.3 billion loan to finance its purchase of 10.7% of Gazprom. The loan is intended as a bridge to a Rosneft IPO. State-owned Rosneft aims to...
