Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Brown Deer

Bobulinski spoke at length about Rosneft/CEFC deal, which I’ve posted on FR previously:

Wikipedia: CEFC China Energy (Industry: Oil, gas, etc)
In September 2017 CEFC announced the purchase of a 14.16% stake in Rosneft, Russia’s largest oil producer, for about $9 billion. However, CEFC was unable complete the acquisition and paid a break fee of about $257 million to the sellers, a consortium of Qatar Investment Authority and Glencore (formerly owned by the late Marc Rich)...
https://en.wikipedia.org/wiki/CEFC_China_Energy

22 Jan 2019: Reuters: Rosneft switches dealing to Singapore arm of China’s CEFC, no change in oil volumes
Reporting by Vladimir Soldatkin in Moscow and Florence Tan in Singapore Additional reporting by Olga Yagova in Moscow Editing by Katya Golubkova and Dale Hudson
Rosneft plans to change its obligations towards China-based CEFC to the CEFC arm in Singapore, the Russian energy giant said on Tuesday, showing its commitments to the Chinese firm remain in place despite a failed privatisation deal.

CEFC has grown in a few years from a niche fuel trader into a diversified conglomerate with operations across the globe and more than 30,000 employees. However, it has had to start a fire sale of its assets as creditors scramble to collect debts following an investigation into its chief.
CEFC had initially agreed to buy 14.2 percent of Rosneft from Qatar and trading firm Glencore in 2017. Rosneft has also pledged to supply CEFC with 61 million tonnes of oil over five years starting on Jan. 1, 2018...
https://uk.reuters.com/article/rosneft-china-oil/rosneft-switches-dealing-to-singapore-arm-of-chinas-cefc-no-change-in-oil-volumes-idUKL8N1ZM27I


138 posted on 10/27/2020 6:58:59 PM PDT by MAGAthon
[ Post Reply | Private Reply | To 135 | View Replies ]


To: MAGAthon

Glencore [Glenco Re] was on Iraqi dictator Saddam Hussein’s oil voucher recipients list.


147 posted on 10/27/2020 7:03:11 PM PDT by piasa (Attitude adjustments offered here free of charge.)
[ Post Reply | Private Reply | To 138 | View Replies ]

To: MAGAthon

What really needs to be highlighted is that the Bidens are involved in all these overseas oil companies while Joe’s promising that if he’s elected, he’ll essentially destroy American oil companies.


190 posted on 10/27/2020 7:42:04 PM PDT by A_perfect_lady (The greatest wealth is to live content with little. -Plato)
[ Post Reply | Private Reply | To 138 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson