China invests $18.37billion in Rosneft

MOSCOW/BEIJING – Chinese conglomerate CEFC will buy a 14.16 per cent stake in Russian oil major Rosneft for $9.1 billion (F$18.37b) from a consortium of Glencore and the Qatar Investment Authority, strengthening the energy partnership between Moscow and Beijing. CEFC China Energy has grown in recent years from a niche oil trader into a sprawling […]

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