20:59 GMT14 April 2021
Listen Live
    Get short URL

    Swiss trader Glencore will not be represented in the board of directors of Russia's Rosneft oil company after it had bought a 19.5-percent stake in the Russian firm, Russian media reported Wednesday, citing a source close the one of Rosneft’s shareholders.

    MOSCOW (Sputnik) – The source told the Vedomosti newspaper that Glencore was not interested in participating in managing the state-owned Rosneft company.

    On January 3, Glencore and Qatar's sovereign wealth fund closed the deal on the purchase of 19.5 percent of Rosneft stake.

    In December 2016, a Rosneft spokesman said the representation of Glencore and Qatar’s fund in the board would be proportional to their obtained shares.


    Rosneft CEO Asks Putin to Meet With Privatization Deal Participants
    Rosneft, CNPC to Increase Oil Supplies to China by 56 Mln Tonnes Until 2024
    Russia's Rosneft Trying to Sell Shares in Algerian Gas, Oil Project - Reports
    Rosneft, Switzerland, Russia
    Community standardsDiscussion