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Putin to meet with participants of Rosneft privatization

January 25, 2017, 13:00 UTC+3 MOSCOW

The Kremlin says Putin will discuss business climate, new projects with the participants of the Rosneft transaction

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© Sergei Bobylev/TASS

MOSCOW, January 25. /TASS/. Russian President Vladimir Putin is to meet with investors who participated in the privatization of Rosneft, press secretary Dmitry Peskov said on Wednesday.

"He will meet with a number of representatives of foreign business circles, namely those businessmen who participated in the Rosneft transaction," Peskov said.

"They will talk about investment climate, reliability of Russia as a partner and prospects of cooperation," he said. 

Peskov said that the meeting will be attended by the head of the sovereign fund of Qatar, Shaikh Abdullah bin Hamad bin Khalifa Al Thani, CEO of Glencore International Ivan Glasenberg and CEO of Bank Intesa Carlo Messina. Rosneft CEO Igor Sechin will also take part in the meeting.

When asked whether the participants will discuss the company, which is a shareholder of the acquirer of stake of Rosneft and registered in the Cayman Islands Peskov said:

"I do not think that such technological issues will be raised."

Peskov added only that "the president has all the necessary information."

"The President meets with serious investors and partners for a long term perspective," Peskov said.

On January 3, Glencore plc, the London-listed commodities trading and mining company, and Qatar Investment Authority (QIA) closed the deal of buying out Russian state-run oil company Rosneft’s 19.5% stake, Glencore said in a statement.

Earlier, Rosneftegaz and a consortium incorporating the Qatar Investment Authority and Glencore signed an agreement for the sale of 19.5% of Rosneft stake for 692 bln rubles ($11.3 bln). A total of 710.8 bln rubles ($11.9 bln), including 18 bln rubles ($303 mln) worth of extra dividends of Rosneftgaz were transferred to the Russian budget.

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