China invests $9.1b in Rosneft as Glencore, Qatar cut stakes

China invests $9.1b in Rosneft as Glencore, Qatar cut stakes

A logo of Russian state oil firm Rosneft is seen at its office in Moscow October 18, 2012. REUTERS/Maxim Shemetov/Files

Chinese conglomerate CEFC will buy a 14.16 percent stake in Russian oil major Rosneft for $9.1 billion from a consortium of Glencore and the Qatar Investment Authority, strengthening the energy partnership between Moscow and Beijing.

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