The recent sale of a significant minority equity stake in Rosneft caught the markets and analysts by surprise. The available information to date is limited only to a couple of announcements revealing few details.  The deal is indeed of great complexity and the available details are not sufficient to decipher it. An initial analysis however leaves the impression that the announced buying consortium of Qatar’s sovereign wealth fund and Glencore might be not the only beneficial owner of the privatized 19.5% stake in Rosneft.   On December 5, Rosneft issued 600 billion Rubles locally placed bonds maturing in 10 years. The Russian market is clearly not deep enough for an issue of that magnitude and such a long tenor.  Most probably, the money ultimately came from the Russian central

This entry was posted in The Region and tagged , , , , , by A. Sorensen Henrik.

About A. Sorensen Henrik

Henrik A. Sorensen is a natural resources economist with more than four decades of professional experience. Mr. Sorensen has a BSc in Mechanical Engineering from the University of Gothenburg and MBA from McCombs School. In the first part of his career he has specialized in project finance of oil production, infrastructure, and downstream operations in the US, South-east Asia, Latin America, and later, the former Soviet Union. Since 2007 Mr. Sorensen specializes predominantly in research related to economics of natural resources.