Drilling at Rosneft's Vankop oil field in Taimur (file photo) (ITAR-TASS)
June 12, 2006 -- Russia's state-owned oil company Rosneft confirmed today it plans to make an initial public offering (IPO) both in London and Moscow.
The company hopes to raise up to $10 billion with the IPO, which will begin in mid-July.
Rosneft became the third biggest Russian oil company after it acquired the largest production unit of the embattled Yukos oil company in a controversial auction.
(Interfax, ITAR-TASS, AP)
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