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Russia Sells $11B Stake In Rosneft To Glencore, Qatar Fund

by dealstreetasia.com posted 1year ago 2597 views
Russia sold an 10.2-billion euro ($11 billion) stake in its largest oil producer to commodity trader Glencore Plc and Qatar&acirc;€™s sovereign wealth fund in a triumph for President Vladimir Putin, who announced the deal on state television personally.&nbsp;<br /> <br /> <span style="text-align: justify;">In a surprise deal that comes despite U.S. and European Union sanctions against Russia, the buyers will share a 19.5 percent stake in state-run Rosneft PJSC, which pumps almost 5 million barrels a day.</span>