Sunday, December 18, 2016

Middle East countries looking for new income?

Me, "The sanctions by the U.S. and Europe on Russia, imposed because of the partial Ukraine annexation, are either working; and or Qatar is looking for new streams of income besides its own oil field exports. Could be more signs that the oil producing Middle east states are looking to branch out, even more, in search of more income generating companies in the world as the price of a barrel of oil has continued to trade modestly, affecting their income. Oil company Rosneft just happened to be a good opportunity."


From article, "Russia Sells Stake in Oil Giant Rosneft to Glencore, Qatar
(—Russia sold a 19.5% stake in state-controlled oil giant PAO Rosneft to a consortium formed by Glencore PLC and the nation of Qatar in a deal valued at about €10.5 billion ($11.3 billion), using one of its crown jewels to raise much-needed cash.)

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