MOSCOW, April 29 Russia's top crude oil producer
Rosneft said on Tuesday it aimed to complete deal to
buy the majority of global physical oil trading operations from
Morgan Stanley in the second half of 2014, as expected.
Some industry watchers have expressed doubts the deal will
go ahead due to Western sanctions on Russian officials,
including Rosneft's head Igor Sechin, over the Ukraine crisis.
Rosneft said in emailed comments that the deal with Morgan
Stanley was going to plan.
"The implementation of the deal is going according to the
agreed schedule between the companies, including in terms of
filing the documentation to the regulatory bodies," Rosneft
Morgan Stanley sold the majority of its global physical oil
trading operations to Rosneft in December, becoming the latest
Wall Street firm to dispose of a major part of its commodity
business. The parties did not disclose the price.
Morgan Stanley planned to submit the sale for review by the
U.S. Committee on Foreign Investment (CFIUS), an inter-agency
executive branch panel that examines foreign investment for
potential threats to national security, a source familiar with
the matter said last December.
It was not clear whether the submission have been made.
The sale is subject to regulatory approvals in the United
States, the European Union and certain other jurisdictions.
(Reporting by Vladimir Soldatkin, editing by Nigel Stephenson)