Reuters logo
Russia's Rosneft sells stake in Verkhnechonskneftegaz to Beijing Gas for $1.1 billion
November 7, 2016 / 2:13 PM / a year ago

Russia's Rosneft sells stake in Verkhnechonskneftegaz to Beijing Gas for $1.1 billion

MOSCOW (Reuters) - Russia’s oil giant Rosneft (ROSN.MM) said on Monday it had agreed to sell a 20 percent stake in its subsidiary Verkhnechonskneftegaz to Beijing Gas for around $1.1 billion.

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

The deal needs to get a green light from regulators, Rosneft added.

Reporting by Katya Golubkova; writing by Maria Tsvetkova

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below