PRESS: CEFC to retain oil deal with Rosneft after restructuring - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

PRESS: CEFC to retain oil deal with Rosneft after restructuring

MOSCOW, Jun 13 (PRIME) -- RussiaТs Rosneft will not lose a contract to sell oil to ChinaТs CEFC because the Chinese company will be restructured due to bankruptcy, business daily Vedomosti reported on Wednesday citing sources close to the deal.

The sources said that CEFC will be split into three parts, and the trading business, which is to inherit the Rosneft contract, will go to a new owner. One of the sources said that the trader could be acquired by state-owned CITIC Group, another source said that it could be sold to private holding Hengli Group.

The deal could take place in one-two months, a source said.

In September 2017, Rosneft and CEFC signed a five-year contract envisaging supplies of 10 million tonnes of oil in 2018.


13.06.2018 09:29
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 75.5358 -1.2198 16 nov
USD 66.6159 -1.3816 16 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1131.13 +1.24 18:50 15 nov
micex 2381.45 +0.12 18:50 15 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 154.14 +1.51 18:49 15 nov
lkoh 4854.00 -0.05 18:49 15 nov
rosn 424.25 -0.68 18:49 15 nov
sber 200.15 +0.48 18:49 15 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 75.2000 -1.2400 14:59 15 nov
USDTD 66.6000 -0.4600 17:44 15 nov