trending Market Intelligence /marketintelligence/en/news-insights/trending/vgid5x5ypjvpndorqxastq2 content esgSubNav
In This List

Glencore, Qatar complete deal to dissolve consortium holding Rosneft stake

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


Glencore, Qatar complete deal to dissolve consortium holding Rosneft stake

Glencore PLC officially dissolved its Rosneft-stake consortium with Qatar Investment Authority after transferring its 14.16% stake in the Russian state-owned company to a wholly owned subsidiary of Qatar Investment, as agreed upon earlier.

Glencore and Qatar Investment now hold a direct stake in Rosneft of 0.57% and 18.93%, respectively.

The margin guarantees provided by Glencore have also been terminated, according to a Sept. 7 release.

In May, the consortium dropped their plans to sell a US$9.1 billion stake in Rosneft to CEFC China Energy Co. Ltd.