Qatar Seeks More Russia Deals After `Great' Rosneft Investment - Bloomberg:
Qatar is looking for more investment opportunities in Russia to capitalize on “huge” growth potential and is fully satisfied with its purchase of around a fifth of Russian state oil producer Rosneft PJSC, the Gulf state’s ambassador in Moscow said.
“The company with its valuation has been attractive,” Fahd bin Mohammed Al-Attiyah said in an interview in the Russian capital. “It’s a great investment and we’re very happy to be part of it.”
The Qatar Investment Authority emerged as a major shareholder in Rosneft in May last year after a $9 billion deal to sell a stake to China’s troubled CEFC Energy Co. collapsed. The sovereign wealth fund now owns 18.93 percent of Rosneft, making it the third-largest shareholder after the Russian state, which holds 50 percent, and U.K. oil major BP Plc with 19.75 percent.
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