During his meeting with President Vladimir Putin, CEO of Qatar Investment Authority Abdulla Al-Thani stated entering into a transaction "which will invest additional $2 billion" to Russia.
One of the parties in privatization of 19.5% of shares of Rosneft, Qatar Investment Authority (QIA), has expressed an interest in buying a share of Corporation Energy owned by a businessman Igor Yusufov in YARGEO, a joint venture of Corporation Energy and NOVATEK, for $2 billion. This was announced on Thursday, January 26 by Vedomosti newspaper with reference to the sources informed on the matter.
Newspaper sources clarify that Corporation Energy wants to sell its share in YARGEO, which is 49%. Another conversant confirmed QIA's interest in buying the asset.
Yet another source says that Qatar Investment Authority is "just one of the bidders". Besides, QIA may have "common projects" with Rosneft as well, as accentuated by one more source of the periodical.
In his interview with the newspaper, an analyst of Analytical Credit Rating Agency Vasily Tanurkov estimated 49% of YARGEO at $2-3 billion.
Earlier, in his meeting with President Vladimir Putin, CEO of QIA Abdulla Al-Thani stated that he had entered into a new transaction with Russian Direct Investment Fund (RDIF) "which will invest additional $2 billion". Then, Russian leader emphasized that QIA would be involved in hydrocarbon extraction in Russia.