Friday 4 May 2018

Qatar steps in to rescue Rosneft's troubled stake sale to China | Reuters

Qatar steps in to rescue Rosneft's troubled stake sale to China | Reuters:

"Qatar is taking a stake in Rosneft (ROSN.MM) of nearly 19 percent, rescuing the Russian oil major from its stalled deal to sell a major stake to China’s CEFC.

The deal strengthens ties between Moscow and Doha at a time Qatar when is facing boycott by its Gulf Arab neighbors.

Qatar’s sovereign investment fund QIA initially bought 19.5 percent in Rosneft together with Swiss trading giant Glencore (GLEN.L) for 10.2 billion euros ($12.2 billion) during the Russian firm’s partial privatization in 2016."



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