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QIA chief says he's 'absolutely' confident in Rosneft investment
March 27, 2017 / 10:35 AM / 6 months ago

QIA chief says he's 'absolutely' confident in Rosneft investment

FILE PHOTO: A view shows an oil derrick and other facilities at Vankorskoye oil field owned by Rosneft company north of Krasnoyarsk, Russia March 25, 2015. REUTERS/Sergei Karpukhin/File Photo

LONDON (Reuters) - Qatar is “absolutely” confident in its investment in majority state-owned Russian oil company Rosneft, the head of Qatar’s sovereign wealth fund said on Monday, speaking to Reuters on the sidelines of an investment conference in London.

Qatar Investment Authority and commodities trader Glencore paid $10.8 billion for a 19.5 percent stake in Rosneft last year.

Asked if he was confident about the investment, Sheikh Abdullah bin Mohamed bin Saud al-Thani, chief executive of the QIA, said: “Absolutely, no doubt.”

Reporting by Claire Milhench and Tom Finn

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