The chart views below show the December 2016 Rosneft 19.5% privatization deal with Glencore and the Qatar Investment Authority. Scroll down to see a detailed chart showing the complex overlapping financial and political connections related directly and indirectly to the December transaction.
NOTE: chart not updated to reflect CEFC China Energy 14.2% investment.
Rosneft Chart Rosneft Deal — Detailed Chart SOURCE DATA USED FOR THE CHART (info in chart as of May 2017)
Note: some filing data has updated and is not yet reflected in the chart.
Rosneft Shareholder Structure Rosneft Board of Directors QHG Holding LLP — #OC414947 — filings and significant persons data QHG Investment LLP — # OC414949 — filings and significant persons data QHG Trading LLP — # OC414946 — filings and significant persons data QHG Trading Rosneft deal for up to 55 million tons of oil QHG Oil Ventures Pte Ltd, formerly QHG Shares Pte Ltd, Catalpo Pte Ltd (Singapore Govt Biz site, enter name to search for name history) VTB loan of 692 billion rubles to QHG Shares Limited QHG Investments owns QHG Shares Intesa Sanpaolo May 25 2017 debt syndication of 5.2 billion Euros Reported 50/50 joint venture between Qatar and Glencore (including 300 million Euros from Glencore, 2.5 billion Euros from Qatar, 5.2 billion Euros from Intesa loan, and 2.2 billion Euros source unknown) VTB and Rosneftegaz Bridge loans Russian Order of Friendship awards for Qatar, Glencore, Intesa heads RUSAL Shareholder Structure — including 8.75% ownership by Glencore controlled Amokenga Holdings and SUAL Partners SUAL Partners Vekselberg and Blavatnik RUSAL Board of Directors — including Glencore’s CEO Ivan Glasenberg, Rosneft Chairman Matthias Warnig Glencore Chairman Hayward Advisory Board for L1 Energy, part of LetterOne Richard Burt Advisor to the Board of LetterOne Intesa 350 Mil Euro Gazprom loan Intesa 750 Mil Euro Yamal LNG loan Yamal LNG $27 billion project Rosneft ENI partnership extended by Putin and Italian Prime Minister Paolo Gentiloni 2012 $500 billion Exxon Rosneft agreement 2011 Exxon Rosneft Arctic agreement Exxon Qatar Golden Pass LNG partnership Qatar Airways Trump Tower tenant Qatar (QIA) and Tom Barrack Miramax purchase and other business deals Blackstone connection to deal through Walkers and QHG Cayman Ltd Blackstone majority holding in Intertrust Intertrust acquisition of Walkers Blackstone $376 million co-financing loan for Kushner’s Watchtower building Steven Schwarzman on Board of Russian Direct Investment Fund Rosneft loan to Venezuela PDVSA (owner of Citgo) — default would transfer ownership to Rosneft Rosneft bid to purchase India’s Essar Oil Fridman, Blavatnik, Vekselberg, Khan $28 billion sale of BNP-TK to Rosneft Rosneft former client of Bracewell & Giuliani Bank of Cyprus — Wilbur Ross Vice Chairman, Viktor Vekselberg largest shareholder Paul Manafort and Oleg Deripaska business deals Carter Page July 2016 New Economic School visit and alleged meeting with Igor Sechin
Reuters chart provided information used in the basic chart. Ownership, company names, and other data was updated and expanded based on Companies House filings and other sources noted above. Additional info not on the chart:
Glencore Director and Blackstone Director FBI Director nominee Christopher Wray lawfirm represents Rosneft and Gazprom Rex Tillerson was Director of Bahama based US-Russia firm Exxon Neftegas in 1998 Giuliani business interactions with Qatar, Rosneft, & Alfa