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Rosneft may sign deal to sell stake in Verkhnechonskneftegaz to Beijing Enterprises

Published November 2, 2016 Updated November 2, 2016 03:52pm

1 min

By Shoaib Ur Rehman

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MOSCOW: Russia's Rosneft might sign an agreement next week to sell a 20 percent stake in Verkhnechonskneftegaz, a subsidiary of Rosneft, to Beijing Enterprises Group Company Limited, Russian news agencies reported on Wednesday, citing a source.

The two companies signed in June an agreement on key terms of cooperation, which envisaged a potential deal on selling the stake in Verkhnechonskneftegaz. Rosneft declined to comment.

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