Due to a failed deal with the Chinese, Qatar is taking a nearly 19 percent stake in Rosneft

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Photo: open sources

A major deal between the Chinese company CEFC, the Glencore consortium and the Sovereign Fund of Qatar is canceled. On May 4, the consortium sent a notice of termination of the transaction to CEFC in accordance with its terms.

If the negotiations were completed successfully, the Chinese company was to obtain a 14.16% stake in Rosneft, reported Interfax.

But the part, which was intended for sale by CEFC, will receive a Sovereign Fund of Qatar (QIA) – an equity stake of 18.93 percent of Rosneft. The deal with Qatar will bring the trader about € 3.7 billion.

«No comment on this information. We are not buyers, we are not sellers, we have nothing to do with it. The package belongs to the consortium, it’s their business», – the press secretary of Rosneft stated .

As «The Journalist» reported, Ukraine will buy gas from Qatar, transit it through Poland.

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