Glencore and Qatar buy stake in Russia's Rosneft

The Russian government has sold a large stake in Rosneft to commodity trader Glencore and a fund managed by the state of Qatar. The sale worth USD 11 billion is described by Putin as one of the biggest transactions in the oil and gas sector this year.

Igor Sechin, CEO, Rosneft. | Photo: Alexander Zemlianichenko/Polfoto/Arkiv

Commodity trading company Glencore along with a fund controlled by the state of Qatar has bought a stake in Russian oil giant Rosneft.

The two players have joined forces to buy a stake of 19.5 percent in the oil company for approximately USD 11 billion, report several international news outlets.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

EU to address stalled Danish nearshore wind project

Developer European Energy has received a positive response from the EU regarding project Omø Syd, which is currently on hold due to considerations over migratory birds. The European Parliament has now requested that the Commission launch an investigation into the matter.

Board reshuffle to boost Obton

The Danish solar investor has appointed new board members and now aims to quadruple its photovoltaic business ahead of 2025.

Further reading

Related articles

Trial banner

Latest News

See all jobs