Russia Signs Rosneft Deal With Qatar, Glencore
Source: Fortune
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This may be the largest privatization deal in Russian history.
Russian state holding company Rosneftegaz on Saturday signed a deal with the Qatar Investment Authority (QIA) and commodities trader Glencore to sell a 19.5% stake in state-owned oil major Rosneft, Rosneft said.
The privatization deal, which Rosneft Chief Executive Igor Sechin called the largest in Russias history, was announced by Rosneft in a meeting with President Vladimir Putin on Wednesday.
Its success suggests the lure of taking a share in one of the worlds biggest oil companies outweighs the risks associated with Western sanctions imposed on Russia over the conflict in Ukraine.
Rosneft had been under pressure to secure a sale of the 19.5% stake to help replenish state coffers, hit by an economic slowdown driven by weak oil prices and exacerbated by sanctions.
Read more: http://fortune.com/2016/12/10/twenty-first-century-fox-sky-bid/
$500 billion opportunity for Exxon, Russia in Trump cabinet pick
Video Rachel Maddow MSNBC
http://www.msnbc.com/rachel-maddow/watch/-500-billion-opportunity-for-exxon-russia-in-trump-cabinet-pick-827731523790
classof56
(5,376 posts)The corrupted power structure is now moving across
the world, just for more fucking oil.
Wellstone ruled
(34,661 posts)Bear Creek
(883 posts)www.independent.co.uk/news/world/americas/donald-trump-saudi-arabia-companies-shut-down-us-election-a7467466.html
We are being conned
mitty14u2
(1,015 posts)Putin (R) meets with Qatar's Emir Sheikh Tamim bin Hamad Al Thani in Moscow, Jan. 18, 2016
On Jan. 18, Qatar Emir Sheikh Tamim bin Hamad Al Thani paid his first official visit to Russia, to meet with President Vladimir Putin. Since the Syrian war began, Russia and Qatar have been in opposing camps. Each perceives the other as a major spoiler in the conflict. Harsh rhetoric, often stylistically similar, sometimes flies both ways. Posted January 27, 2016
Before the new round of Geneva talks on Syria, now rescheduled for Jan. 29, Moscow continues to reconnoiter the ground of key regional and international players. In that regard, the talks with the emir were part of what came to be known in the Russian media as the Middle East autumn. Since September, Putin has hosted the presidents of Iran, Syria and Egypt; the prime ministers of Iraq and Israel; the Kuwaiti emir; the Saudi defense minister; the crown prince of Abu Dhabi; and twice the king of Jordan. At other venues, he has held negotiations with Iranian Supreme Leader Ayatollah Ali Khamenei and then Saudi King Salman bin Abdul-Aziz Al Saud. This Middle Eastern diplomacy marathon another euphemism savored by Russian journalists was perceived as an indication of Russias serious interest in the region and its commitment to work with all regional stakeholders in the Syria crisis. Qatar was left out of this picture because of positions that Moscow and Doha found irreconcilable. In December, Russian Foreign Minister Sergey Lavrov singled out disagreements with Qatar as one of the major problems in the Syrian settlement process.
Over the last quarter century, Russian-Qatari relations have been sluggish for the most part. Moscow deemed Qatar and Saudi Arabia to be fueling insurgency in the first Chechen war (1994-1996) and terrorist movements in the second one. The relationship went from bad to worse in 2004 after Russian security forces assassinated in Doha a prominent ideologist of Chechen separatists and in 2011 when Qatari airport security accosted Russias ambassador to Qatar when he refused to allow the diplomatic mail he carried from Moscow to be checked. The Arab Spring and the civil war in Syria drove the parties farther apart.
Therefore, the Jan. 18 meeting between the current leaders of Russia and Qatar was a much-anticipated event. The minor agenda of the talks was rather successful and resulted in bilateral agreements on two topics: visa-free travel for diplomatic passport holders and cultural cooperation. In turn, business experts were left with a task of creating a framework to boost economic cooperation that had failed miserably in recent years: In 2015, the trade between the two states was half the $55 million it amounted to a year earlier.
http://www.al-monitor.com/pulse/originals/2016/01/russia-qatar-forced-compromise.html
What a tangled web they weave? or just business as usual.
mitty14u2
(1,015 posts)In August 2012, Ukraine announced an accord with an Exxon-led group to extract oil and gas from the depths of Ukraines Black Sea waters. The Exxon team had outbid Lukoil, a Russian company. Ukraines state geology bureau said development of the field would cost up to $12 billion.
The Black Sea Hots Up, read a 2013 headline in GEO ExPro, an industry magazine published in Britain. Elevated levels of activity have become apparent throughout the Black Sea region, the article said, particularly in deepwater.
When Russia seized the Crimean Peninsula from Ukraine on March 18, it issued a treaty of annexation between the newly declared Republic of Crimea and the Russian Federation. Buried in the document in Article 4, Section 3 a single bland sentence said international law would govern the drawing of boundaries through the adjacent Black and Azov Seas.
Dr. Ryan estimates that the newly claimed maritime zone around Crimea added about 36,000 square miles to Russias existing holdings. The addition is more than three times the size of the Crimean landmass, and about the size of Maine.
https://www.nytimes.com/2014/05/18/world/europe/in-taking-crimea-putin-gains-a-sea-of-fuel-reserves.html?_r=0
Italian oil Co. deals with Italian international bank buying oil contracts from Putin with $500 billion ExxonMobil deal using the Black Sea from Crimea to ship new oil/gas and expanding 200 miles out from Crimea and stealing Ukraine's wealth. Putin is now the richest man on earth, est. $87 Billion expanding every minute now working favor with Trump and Exxons Tillerson. Holy Fuck Batman we are in new territory with a megalomaniac at the helm come January.