Qatar to Pay $4.23B for Stake in Russia’s Rosneft

Qatar to Pay $4.23B for Stake in Russia’s Rosneft

The Qatar Investment Authority (QIA) sovereign wealth fund will pay roughly $4.23 billion for a half of a 14.16% stake in Rosneft, the Russian oil giant announced on November 6, according to Reuters.

The QIA will become Rosneft’s third largest stakeholder behind the Russian government and British oil major BP.
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Trading company Glencore will retain a 0.6% stake.

Mariana Somensi 890 Posts

Mariana holds a Journalism Bachelor Degree from the State University of Londrina, Brazil. The Brazilian journalist has 4 years of experience on the MENA region's affairs and over a year of experience on the oil and gas industry.

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