Daily Management Review

CEFC China Energy to go ahead with its planned investment of $9.1 billion in Russia’s state owned Rosneft


09/27/2017


With CEFC China Energy getting the go ahead from China’s top economic planner, the deal will deepen energy ties between the Russia and China.



As per three sources with knowledge of the matter at hand, CEFC China Energy, a privately-run conglomerate, has obtained a preliminary approval from the Chinese state for its proposed $9.1 billion investment in Russian oil major Rosneft.

Earlier this month, CEFC had disclosed it would be buying a 14.16% stake in Rosneft from a consortium of Glencore and the Qatar Investment Authority.

The development underscores the strengthening of energy ties between Moscow and Beijing.

“It’s a preliminary approval from the NDRC which means the government gave the principal go-ahead for the deal,” said an industry executive with direct knowledge of the government decision.

The National Development and Reform Commission (NDRC) is China’s top economic planner.


 


 


 


 


 

Source:

http://uk.reuters.com








Science & Technology

What trends will be affecting the health sector in the coming years?

Deloitte identifies main cyber threats for power industry

Zenuity To Take Self Driving Car Road Test In Sweden With Permission

Researchers: Half of Facebook users is fake

Amazon’s Ring gets in a privacy scandal

Facebook Is Creating A Stablecoin For Its WhatsApp Users

IBM offers to use the first quantum computer

Passport Numbers Of 5 Million Customers Hacked: Concedes Marriott

China Lifts Approval Freeze On New Video Games Launch

Concentrated Solar Plant System To Dispatch Electricity To The Grid On Demand

World Politics

World & Politics

Trump is losing rating because of shutdown

Hanoi, Vietnam Chosen As Place For 2nd Summit Between Trump And Kim Jong-Un

US, China to hold new negotiations in Beijing

Human Rights Not To Be Dissociated From Stability, Macron Tells Sisi

Brexit Hijack Is Not The Parliament’s Right

Macedonia ignites political crisis in Greece

Brazil turns right

Merkel’s Pledge Of A United Germany in 2019