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
Igor Sechin, CEO, Rosneft. | Photo: Alexander Zemlianichenko/Polfoto/Arkiv
BY NIKLAS KRIGSLUND, SHIPPINGWATCH

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

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