Is it all about the gas?
CEFC’s investment in Rosneft should bring badly needed financing to Russia’s largest oil company
Private Chinese firm CEFC China Energy may be investing $9.1bn in a stake in Rosneft, Russia's largest oil company, but the lure of gas may be just as important as for oil. The energy and financial conglomerate obtained preliminary approval in late September to buy a 14.16% stake in Rosneft from a consortium of Glencore and the Qatar Investment Authority. The deal is the largest ever direct investment by a Chinese entity in Russia. Under the terms of the agreement, Rosneft has pledged to give CEFC access to its oilfields and petrochemical projects in East Siberia, not far from the border with China. Rosneft executive Mikhail Leontyev told local business newspaper RBK daily that the company i
Also in this section
24 February 2026
Energy security continues to evolve as a strategic priority amid growing geopolitical tensions highlighted by increased volumes, a new energy law and persistent secrecy
24 February 2026
Sustained low temperatures have depleted storage levels and exposed the EU’s vulnerability to shocks even as the bloc moves ahead with phasing out all Russian imports
23 February 2026
The country’s upstream players have demonstrated resilience to low oil prices and are well positioned to prosper despite a volatile market
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
