Gazprom Neft is considering taking out a number of loans worth a total of $2bn for up to five years, Alexander Dyukov, Chairman of the Management Board of the gas holding's oil arm, told journalists today according to RBC. The loans can be either syndicated or bilateral, Dyukov noted, adding that the funds raised would be used to implement the company's investment program and pay out the dividend. Meanwhile, Gazprom Neft is also reviewing the possibility of acquiring new assets and is now in talks over the purchase of the government's stake in Serbia's oil company Naftna Industrija Srbije (NIS).
Gazprom Neft's investment program amounts to RUB 92.5bn (approx. USD 3.92bn), most of which is to be directed towards the company's oil production projects.