|Bid||0.00 x 610000|
|Ask||0.00 x 268000|
|Day's Range||312.45 - 318.00|
|52 Week Range||291.00 - 425.70|
|PE Ratio (TTM)||8.44|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Russian oil major Rosneft will invest in gas pipelines in Iraq's autonomous Kurdistan, expanding its commitment to the region ahead of an independence referendum to help it become a major exporter of gas to Turkey and Europe. Kurdistan's parliament approved a plan on Friday to hold a referendum on independence on Sept. 25, ignoring opposition from Baghdad and the wider region as well as Western concerns that the vote could heighten tensions in the region. Kurdistan has been exporting oil independently from Baghdad since 2014 and Kremlin-controlled Rosneft joined the list of buyers this year, lending the region hundreds of millions of dollars in loans guaranteed by future oil sales.
CEFC China Energy is considering more deals after recently snapping up a $9.1 billion stake in Russia's Rosneft, industry sources said, shrugging off a growing debt pile and rising regulatory scrutiny. Privately owned CEFC, in just a few years, has gone from a niche oil trader to a $25 billion conglomerate with strong political ties and a rare contract to store part of the nation's strategic oil reserve. It is one of a handful of conglomerates in China with all financial services licenses, owning or controlling banks, an insurer, a brokerage firm, a trading platform and several funds, according to its website.
Chinese energy company CEFC China Energy has bought a significant stake in Rosneft from Glencore and Qatar’s sovereign wealth fund, which took a loss of 25% on the deal