Kazakh KMG: Deal to Sell Stake in Romanian Unit to CEFC Postponed Until End-June
A deal to sell a 51 percent state in Kazakh state energy company KazMunaiGas’ Romanian unit to China’s CEFC has been postponed until the end of June, KazMunaiGas told Reuters. “The deal to sell a controlling stake in Kazmunaygaz International (KMGI) to CEFC is not definitively closed due to remaining …
Rosneft: China’s CEFC in Talks to Buy Stake
CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft (ROSN.MM), three people with direct knowledge of the discussions said. The people said senior executives at both companies were in preliminary …