Related Articles
Forward article link
Share PDF with colleagues

Is it all about the gas?

CEFC’s investment in Rosneft should bring badly needed financing to Russia’s largest oil company

Private Chinese firm CEFC China Energy may be investing $9.1bn in a stake in Rosneft, Russia's largest oil company, but the lure of gas may be just as important as for oil. The energy and financial conglomerate obtained preliminary approval in late September to buy a 14.16% stake in Rosneft from a consortium of Glencore and the Qatar Investment Authority. The deal is the largest ever direct investment by a Chinese entity in Russia. Under the terms of the agreement, Rosneft has pledged to give CEFC access to its oilfields and petrochemical projects in East Siberia, not far from the border with China. Rosneft executive Mikhail Leontyev told local business newspaper RBK daily that the company

Also in this section
Entry deadline nears for Petroleum Economist Awards 2018
19 June 2018
Time is running short to enter industry-leading energy awards
Petroleum Economist and World Oil partner on SPE Offshore Europe 2019 coverage
19 June 2018
Gulf Energy Information publications will work jointly on the daily newspaper at SPE Offshore Europe 2019
Lukoil: bigger than Rosneft
15 June 2018
The investors' darling is prioritising high-margin upstream activities