Energy acquisition : In the latest oil and gas industry news, CEFC China Energy Company has agreed to buy a stake of 14.16% in Russian oil giant Rosneft Oil Company for $9.1 billion from the consortium of Swiss mining company Glencore and Qatar Investment Authority (QIA). The acquisition of the Chinese oil and gas company […]
In what is the largest FDI deal in Indian history, Russian petroleum giant Rosneft and Dutch-based Trafigura Group have acquired 49% each in India’s Essar Oil Limited at a total sum of INR 72,800 crore ($10.9 billion). Apart from the $10.9 billion deal, an additional INR 13,300 crore ($2 billion) will be paid for the […]