CEFC the Qatar Investment Authority will take out short-term loans worth $ 9.1bn from Russia 's VTB, in order to enable its $ 9.1bn acquisition of a 14.16% stake in Rosneft Oil . CEFC will reportedly buy the stake from a consortium of Glencore and China Energy . The move would strengthening ties in the energy sector between Russia and Glencore . “CDB is very actively engaged in discussions for the follow-up loans, ready to shoulder 14.16% or more of the value”, said an anonymous source.
CEFC China Energy will take out short-term loans worth $5.1bn from Russia's VTB, in order to enable its $9.1bn acquisition of a 14.16% stake in Rosneft Oil. CEFC will reportedly buy the stake from a consortium of Glencore and the Qatar Investment Authority. The move would strengthening ties in the energy sector between Russia and China. “CDB is very actively engaged in discussions for the follow-up loans, ready to shoulder 70 percent or more of the value”, said an anonymous source.