USD 63.9121

+0.18

EUR 70.4759

+0.05

BRENT 62.63

+0.44

AI-92 42.34

+0.01

AI-95 46.12

+0.02

AI-98 51.59

-0.01

Diesel 47.31

+0.01

31

Gazprom Settling a Debt

The payment will reduce Gazprom's debt to the group to $3.1 billion

Russia's gas giant Gazprom next week will pay another $1 billion of last year borrowing from a group of foreign banks to buy the domestic oil company Sibneft.

The payment, scheduled for Monday, will reduce Gazprom's debt to the group to $3.1 billion, from the $13 billion it borrowed.

Gazprom owed the banks $5.1 billion at the beginning of the year, the company's chief financial officer Andrei Kruglov said.