Qatar to increase stake in Russian Rosneft

Mubasher: Qatar is weighing up raising its stake in Russia's largest oil producer Rosneft, Faisal Alsuwaidi, member of the board of directors of Rosneft, has said on Thursday.

The gas-rich nation does not have an immediate plan for this move, Alsuwaidi added.

In 2017, Qatar Investment Authority (QIA) agreed on selling 14.6% of his stake in Rosneft to CEFC China Energy, a private Chinese conglomerate, with a total value of $9.1 billion.

Mubasher Contribution Time: 21-Jun-2018 14:04 (GMT)
Mubasher Last Update Time: 21-Jun-2018 14:16 (GMT)