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Russia's Putin, Qatari Emir discuss Rosneft deal

Published December 13, 2016 Updated December 13, 2016 06:58pm

1 min

By Shoaib Ur Rehman

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MOSCOW: Russian President Vladimir Putin and Qatari Emir Sheikh Tamim bin Hamad al-Thani noted the importance of the deal in which Qatar and Glencore bought a 19.5 percent stake in Russian oil firm Rosneft , the Kremlin said.

Russia and Qatar also agreed to further bilateral cooperation, the Kremlin said.

On Saturday, Russia signed a deal with the Qatar Investment Authority and commodities trader Glencore for a 19.5 percent stake in Rosneft as part of a privatisation programme.

The Russian budget is set to receive around 710 billion roubles ($11.66 billion), from the deal.

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