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Rosneft long-term liabilities rise 2.5% in 1H06

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MOSCOW, August 15 (RIA Novosti) - Rosneft [LSE: ROSN] said Tuesday its long-term liabilities had risen 2.5% year-on-year in the first half of 2006, to 338.53 billion rubles (about $12.5 billion).

The state-owned oil company said in its report, based on Russian Accounting Standards, that its short-term liabilities had declined 21.8% over the reporting period, to 58.39 billion rubles (about $2.16 billion).

Overdue debt accounted for 0.12% of Rosneft's payables at the end of June, the company said.

It said payables had decreased by 20.42 billion rubles (about $756 million) by June 30, 2006 after the company had paid off the repurchased debt of Yukos, once a Russian oil giant recently declared bankrupt, to Societe Generale.

Rosneft said its main creditors were Vnesheconombank (142.41 billion rubles or about $5.3 billion), ABN Amro Bank N.V. (81.80 billion rubles or about $3 billion) and Barclays (54.23 billion rubles or about $2 billion).

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