The logo of Russia's oil producer Rosneft is seen on a board at the St. Petersburg International Economic Forum 2017 (SPIEF 2017) in St. Petersburg, Russia, June 1, 2017. Picture taken June 1, 2017. REUTERS/Sergei Karpukhin/File Photo
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Qatar is taking a stake in Rosneft of nearly 19 percent, rescuing the Russian oil major from its stalled deal to sell a major stake to China's CEFC.Last year the consortium agreed to sell a 14.16 stake in Rosneft to CEFC China Energy in a $9.1 billion deal that was seen as key to helping expand relations between Russia and China, the world's top energy exporter and top energy consumer.Glencore said on Friday that the consortium that had been selling the Rosneft stake had been dissolved, and said Qatar and Glencore would now own stakes directly.
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