NK Rosneft' PAO (ROSNq.L)
LONDON/MOSCOW Italian bank Intesa Sanpaolo is expected to provide a large chunk of funds to a consortium of Qatar and commodities trader Glencore to finance their purchase of a stake in the Kremlin oil major Rosneft, two sources familiar with the transaction said.
MOSCOW The Kremlin said on Thursday that a deal for Russian oil major Rosneft to sell a stake to Qatar and commodities trader Glencore was purely commercial and not political.
MOSCOW Qatar's purchase of a stake in Russian oil company Rosneft was not discussed during talks between Russia and the OPEC oil producers' group on cutting oil output, TASS news agency cited Russian Energy Minister Alexander Novak as saying.
MOSCOW Russia said on Wednesday it sold a stake in oil giant Rosneft for 10.5 billion euros ($11.3 billion) to Qatar and commodities trader Glencore , confounding expectations that the Kremlin's standoff with the West would scare off major investors.
LONDON Glencore said on Wednesday it would enter a new deal to buy oil from Rosneft as part of a broader move by the Russian government to sell a stake in its major oil firm with Glencore injecting limited equity into the transaction.
MOSCOW Russian oil firm Rosneft opened the books for a 600 billion rouble ($9.4 billion) bond sale on Monday to raise money for foreign projects, and said it was interested in an offshore concession in Egypt.
MOSCOW Russian oil major Rosneft could consider a privatisation deal at a board meeting on Wednesday, a person close to the board and a second person in the banking industry told Reuters on Monday.
MOSCOW Leonid Fedun, a major shareholder and vice president at Russia's No.2 oil producer Lukoil , has not ruled out selling his stake to Kremlin-controlled Rosneft , RBC newspaper reported on Saturday.
MOSCOW Russia's largest oil producer Rosneft and ExxonMobil have decided not to proceed with joint development of oil blocks in the Gulf of Mexico due to "lack of prospects", Interfax news agency quoted Rosneft as saying on Friday.
Nov 29 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday: