Business in Brief

Rosneft Borrows $715M

Rosneft has received a 20 billion ruble ($715.6 million) loan from Sberbank, the state-controlled bank's spokeswoman Irina Kibina said on Friday.

Rosneft's chief financial officer Peter O'Brien said Rosneft has secured a $774 million loan from state lender VEB to refinance its foreign debt.

He also said Rosneft might ask for more state loans from the $50 billion package the government has allocated to help companies repay foreign debts in the face of the global liquidity crisis. (Reuters)

Transstroi Gets $463M Deal

Billionaire Oleg Deripaska's Transstroi Corp. construction company won a 13 billion ruble ($463 million) state contract to build Zenit St. Petersburg's soccer stadium.

Transstroi's bid beat seven rival offers for the tender, St. Petersburg's municipal government said in an e-mailed statement Friday.

The stadium for Zenit, which is owned by Gazprom, will seat 62,000 people and is expected to be completed by the end of 2011. (Bloomberg)

State Cash to Fund Shipyard

The country will use government funds to support the construction of a 58 billion ruble ($2.1 billion) shipyard near the port of Primorsk, Russia's biggest oil terminal, the Delovoi Peterburg newspaper reported Friday.

Vyborg Shipyard, which will oversee the project, will apply this month for loans from state-run development bank Vneshekonombank and request additional funds in July from the Ministry of Industry and Trade, the newspaper said. (Bloomberg)

KNOC in Kamchatka Deal

State-run Korea National Oil Corp said Friday that it had signed a preliminary deal with Rosneft to explore the Kamchatka Peninsula for oil. Rosneft, which will own 60 percent of the project with KNOC owning the balance, has said developing the area would cost around $24 billion.

KNOC has said there could be up to 10.3 billion barrels of oil in Kamchatka. (Reuters)

Gazprom in Dutch Project

Gazprom agreed with Abu Dhabi National Energy Co. to jointly build the Bergermeer natural gas storage site in the Netherlands.

The companies signed a memorandum of understanding Friday, the Abu Dhabi-based company said. The start of construction is planned for the second quarter of 2009, with commercial operations due to begin four years later. (Bloomberg)

Eni Meets With Officials

Eni chief executive Paolo Scaroni met with Energy Minister Sergei Shmatko and Deputy Prime Minister Igor Sechin to discuss "strategic agreements" with Gazprom and "strengthening energy collaborations." (Bloomberg)

For the Record

Rosoboronexport, Russia's state arms-selling agent, plans exports of more than $6.2 billion this year, Anatoly Isaikin, chief executive officer, said Friday. (Bloomberg)

The country's largest Black Sea port, Novorossiisk, was shut briefly on Friday because of a gale warning, but reopened after about two hours, a shipping source said. (Reuters)