Alliance Oil is planning to raise about $200 million from the placing of 10 million Swedish depository receipts, Reuters reports. As a part of the deal, the Russian oil company will sell about 5.8% of its shares. Goldman Sachs and Morgan Stanley are the organizers of the deal. In June 2009, Alliance Oil sold $125 million worth of shares and $265 million of convertible bonds that can be exchanged for stock before 2014.

Click here for the story from Reuters.