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Russia's Putin, Qatari Emir discuss Rosneft deal: Kremlin
December 13, 2016 / 2:37 PM / a year ago

Russia's Putin, Qatari Emir discuss Rosneft deal: Kremlin

MOSCOW (Reuters) - Russian President Vladimir Putin and Qatari Emir Sheikh Tamim bin Hamad al-Thani noted the importance of the deal in which Qatar and Glencore (GLEN.L) bought a 19.5 percent stake in Russian oil firm Rosneft (ROSN.MM), the Kremlin said.

The logo of Russia's Rosneft oil company is pictured at the central processing facility of the Rosneft-owned Priobskoye oil field outside the West Siberian city of Nefteyugansk, Russia, August 4, 2016. REUTERS/Sergei Karpukhin

Russia and Qatar also agreed to further bilateral cooperation, the Kremlin said.

On Saturday, Russia signed a deal with the Qatar Investment Authority and commodities trader Glencore for a 19.5 percent stake in Rosneft as part of a privatization program.

The Russian budget is set to receive around 710 billion rubles ($11.66 billion), from the deal.

Reporting by Vladimir Soldatkin; Editing by Alexander Winning

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