Qatari stake in Rosneft paves way for global energy deals: Doha envoy | Reuters:
The Qatari sovereign wealth fund’s acquisition of a stake in Russia’s Rosneft sets the stage for collaboration between the Russian oil major and Qatar Petroleum, Doha’s ambassador to Moscow said in an interview with Reuters.
The Qatar Investment Authority (QIA) became a shareholder in Rosneft following the Russian state-controlled oil giant’s privatization in late 2016, and now holds a 19 percent stake.
Though Qatar is a small oil producer compared to its massive gas production, state oil firm Qatar Petroleum is on a drive to expand operations globally.
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