1 EMERGENCY WEATHER WARNING: MONGOLIA TO BE HIT BY ABNORMAL HEAT, THUNDERSTORMS, AND A SHARP RISE IN RIVER WATER LEVELS WWW.OPEN.KG PUBLISHED:2026/08/05      2 1,439.2 KG OF PRECIOUS METALS PURCHASED LAST MONTH WWW.MONTSAME.MN PUBLISHED:2026/08/05      3 MONGOLIA TO CHAIR COP17, STEERING GLOBAL ENVIRONMENTAL TALKS WWW.MONTSAME.MN PUBLISHED:2026/08/05      4 TOURISM INDUSTRY ASSOCIATIONS URGE IMMEDIATE IMPROVEMENT IN FUEL SUPPLY WWW.MONTSAME.MN PUBLISHED:2026/08/05      5 FUEL SALES RESTRICTED TO ODD-EVEN LICENSE PLATE SYSTEM WWW.MONTSAME.MN PUBLISHED:2026/08/05      6 KOREAN LAW FIRMS BOOST MONGOLIA PRO BONO WITH NEW SUPPORT CENTER WWW.BIZ.CHOSUN.COM PUBLISHED:2026/08/05      7 MONGOLIA ATTRACTS NEARLY 569,000 FOREIGN TOURISTS THROUGH JULY WWW.QAZINFORM.COM PUBLISHED:2026/08/05      8 INVESTOR DEMAND CENTERS ON THE STOCK MARKET, KEEPING MARKET OUTLOOK POSITIVE WWW.MONTSAME.MN PUBLISHED:2026/08/04      9 FUEL EQUIVALENT TO 2.5 DAYS OF CONSUMPTION IMPORTED OVER THE WEEKEND WWW.MONTSAME.MN PUBLISHED:2026/08/04      10 AROUND 5,000 HOUSEHOLDS USING LIQUEFIED GAS HEATERS WWW.MONTSAME.MN PUBLISHED:2026/08/04      ОРОСТ БОЛОВСРУУЛСАН НЕФТИЙН ХЭМЖЭЭ 30 ГАРУЙ ХУВИАР БУУРЧЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/08/05     ӨНГӨРСӨН САРД 1,439.2 КГ ҮНЭТ МЕТАЛЛ ХУДАЛДАН АВЧЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/08/05     Н.УЧРАЛ: БҮСИЙН ЧУУЛГАН, САЛБАРЫН ОЙ, ФОРУМ, ХУРАЛ ЗЭРЭГ БҮХ АРГА ХЭМЖЭЭГ ЦУЦАЛЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/08/05     Б.ПҮРЭВДАГВА: АГААРЫН БОХИРДЛЫГ БУУРУУЛАХ ЗОРИЛГООР ЭРДЭНЭШИШИЙН БАРЬЦАЛДУУЛАГЧ АШИГЛАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2026/08/05     Б.ДУЛАМСҮРЭН: МОНГОЛ АЯЛАХАД АЮУЛГҮЙ УЛС ГЭСЭН НЭР ХҮНДЭЭ АЛДАХ ЭРСДЭЛД ОРООД БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/08/05     НИЙСЛЭЛИЙН ӨР 4.6 ИХ НАЯД ТӨГРӨГТ ХҮРЧЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/08/05     ГАЗРЫН ТОСНЫ БҮТЭЭГДЭХҮҮНИЙ ХАНГАМЖ, НИЙЛҮҮЛЭЛТИЙН АСУУДЛЫГ ХЭЛЭЛЦЭЖ БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2026/08/05     СОР17 ХУРАЛД ОРОЛЦОХООР 5000 ОРЧИМ ЗОЧИД, ТӨЛӨӨЛӨГЧ МОНГОЛД ХҮРЭЛЦЭН ИРНЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/08/04     ЭРЧИМ ХҮЧНИЙ ИМПОРТЫН НЭГ УЛСЫН ХАМААРЛЫГ БУУРУУЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/08/04     Б.НАЙДАЛАА: ОХУ ЭРЧИМ ХҮЧ НИЙЛҮҮЛЖ ЧАДАХГҮЙ БАЙДАЛД ОРЧИХВОЛ БИД НӨӨЦ ТӨЛӨВЛӨГӨӨТЭЙ БАЙХ ЁСТОЙ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/08/04    
Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

Rosneft Privatization Deal Closed As Italian Financing Comes Through www.themoscowtimes.com

The tumultuous privatization saga of Russia’s largest oil company appears to be drawing to a close.

Swiss-British commodities trading firm Glencore and the Qatari Sovereign Wealth Fund have closed a deal to purchase 19.5 percent of state-controlled Rosneft, according to a statement on Glencore’s website.

The news was followed by an announcement that Italy’s Intesa Sanpaolo bank would provide a loan of up to 5.2 billion euros ($5.4 billion) – half the cash required for the deal. The bank had previously wavered on its involvement with Rosneft's privatization.

Intesa will seek to involve other banks in financing the deal. Each member of the proposed syndicate will take on part of the loan, an Intesa spokesperson told Reuters.

The developments bring a modicum of clarity to Rosneft’s otherwise opaque privatization deal.

After months of struggling to find a foreign investor for Rosneft, Russian President Vladimir Putin and CEO Igor Sechin announced in December that the Glencore-Qatar consortium would purchase the share packet. The unexpected deal reportedly came after talks with 30 different potential investors.

Putin termed the sale “the largest on the global energy market in 2016.”

Since then, however, many have cast doubt on the honesty of this “privatization.” In the deal’s wake, Glencore and Rosneft announced that the 19.5 percent share had been valued at 10.2 billion euros ($10.6 billion). The Glencore-Qatar consortium would pay 2.8 billion euros ($2.9 billion) and Intesa Sanpaolo and several unnamed Russian banks would provide a loan of 7.4 billion euros ($7.7 billion) — with Intesa providing more than 50 percent of the financing.

Shortly thereafter, however, Intesa seemed to reconsider its role in financing the sale due to EU sanctions against Rosneft.

At the time, several economic analysts interviewed by the Moscow Times said that the privatization scheme more resembled sophisticated accounting than true privatization. The real money, they suggested, was probably coming from Russian banks backed by the Russian Central Bank – with Glencore and the Qatari Fund serving as cover for the process.

The problem, analyst Boris Grozovsky said, was that the Russian banks had gone into debt to finance the deal, and were partially relying on money from Intesa to come through.

Those funds now appear to have arrived.



Published Date:2017-01-05