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Mon May 14, 2018, 01:46 AM

May, 2018 - Qatar Steps In to Buy Rosneft Stake After China Deal Collapses

There is a huge amount of confusion surrounding the Russian Rosneft 19% shares.

Notice Bloomberg's reporting date May, 2018

Qatar Steps In to Buy Rosneft Stake After China Deal Collapse

By Javier Blas and Elena Mazneva

May 4, 2018 at 9:52:51 AM MDT Updated on May 4, 2018 at 10:00:01 PM MDT

Qatar’s QIA to have 19 percent stake in state-run oil company

China’s CEFC has been under increasing scrutiny in Beijing

This is so confusing. Reuters reported this in December, 2016

Russia signs Rosneft deal with Qatar, Glencore
Katya Golubkova

MOSCOW (Reuters) - Russian state holding company Rosneftegaz on Saturday signed a deal with the Qatar Investment Authority (QIA) and commodities trader Glencore (GLEN.L) to sell a 19.5 percent stake in state-owned oil major Rosneft (ROSN.MM), Rosneft said.

Then in January, 2017. Rueters reports

January 24, 2017 / 8:04 PM

How Russia sold its oil jewel: without saying who bought it

In addition, public records show the ownership structure of the stake ultimately includes a Cayman Islands company whose beneficial owners cannot be traced.

And while Italian bank Intesa SanPaolo leant the Singapore vehicle 5.2 billion euros to fund the deal, and Qatar put in 2.5 billion, the sources of funding for nearly a quarter of the purchase price have not been disclosed by any of the parties.

“The main question in relation to this transaction, as ever, still sounds like this: Who is the real buyer of a 19.5 percent stake in Rosneft?” Sergey Aleksashenko, a former deputy head of Russia’s central bank, wrote in a blog last week.

Glencore would not comment on the identity of the Cayman Islands firm or give a further explanation of how ownership of the 19.5 percent stake was divided.

Then, in June 2017, we must conclude global confusion with this report

Russia to buy back Rosneft stake it sold

Russian President Vladimir Putin hailed the EUR10.2 billion ($11.5 billion) sale of the PAO Rosneft stake in December as a sign of investor confidence in his country. But the people with knowledge of the deal say it functioned as an emergency loan to help Moscow through a budget squeeze.

So, it seems that China was part of the original 12/2016 deal. then backed out, and Qatar is left with over 19% ownership of Rosneft.

I wonder who the mystery Cayman Island entity is?

I'm guessing we will know pretty soon.

Oh, Steele alleges a broker fee, promissed to Page, was to be paid to Teump Et Al for this sale. Why?

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