Home / Sustainability / Energy / Qatar trying to buy out Roseneft shares

Qatar trying to buy out Roseneft shares

Russian oil giant Rosneft (ROSN.MM) said on Tuesday that the Qatar Investment Authority sovereign wealth fund would pay around 3.7 billion euros ($4.23 billion) for a half of a 14.16 percent stake in the company.

The QIA would become the third-largest Rosneft shareholder as a result of the deal after the Russian government and British oil major BP (BP.L), the company added. Trader Glencore (GLEN.L) would retain a 0.6 percent stake.

Source: Reuters

Total Page Visits: 139 - Today Page Visits: 2

Check Also

US recieves human rights criticisms from around the world

U.S. unrest over the death of a black man in police custody has reversed the …

Leave a Reply

Your email address will not be published. Required fields are marked *