Is it all about the gas?
CEFC’s investment in Rosneft should bring badly needed financing to Russia’s largest oil company
Private Chinese firm CEFC China Energy may be investing $9.1bn in a stake in Rosneft, Russia's largest oil company, but the lure of gas may be just as important as for oil. The energy and financial conglomerate obtained preliminary approval in late September to buy a 14.16% stake in Rosneft from a consortium of Glencore and the Qatar Investment Authority. The deal is the largest ever direct investment by a Chinese entity in Russia. Under the terms of the agreement, Rosneft has pledged to give CEFC access to its oilfields and petrochemical projects in East Siberia, not far from the border with China. Rosneft executive Mikhail Leontyev told local business newspaper RBK daily that the company i
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
