Nearly two months after the announcement of China’s largest private investment in Russian energy, terms of the deal keep expanding along with questions about how they will play out.
On Sept. 8, privately-held CEFC China Energy Company Ltd. said it had agreed to buy a 14.16-percent interest in Russia’s Rosneft oil company for U.S. $9.1 billion (60 billion yuan), marking the first major share sale of a state petroleum producer to a Chinese firm.
Shanghai-based CEFC agreed to acquire most of the 19.5- percent stake sold last December to a consortium of trader Glencore plc and the Qatar Investment Authority (QIA) that …read more
Source: Radio Free Asia
