Insight
Qatar becomes third largest shareholder in Rosneft
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Report summary
With CEFC China in turmoil, Glencore and Qatar Investment Authority (QIA) terminated a deal to sell a 14.16% stake in Rosneft for US$9.1 billion. Instead, QIA bought the stake itself and is now the third largest shareholder, after BP, in Russia’s biggest oil producer. This is worth more than one million boe/d. The collapse of the CEFC China deal has bruised the reputation of Chinese investors abroad while Rosneft has received a vote of confidence from Qatar, the world’s largest LNG supplier and an OPEC member. The much proclaimed ‘Pivot to the East’ is now more of a ‘Pivot to the Middle East’.
Table of contents
- What happened
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The evolution of Rosneft’s privatisation
- CEFC China surprises
- The house of cards collapses
- QIA steps in
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What it means
- Rosneft
- Qatar
- CEFC China
- Russia
Tables and charts
This report includes the following images and tables:
- Stakeholders in Rosneft under the previous and new deal scenarios
What's included
This report contains:
