CEFC takes centre stage in Russia-China relations

After investment in Rosneft and En+ the president of the low-profile Chinese oil trader sat on stage with Russia’s Putin at a packed conference in Moscow and promised more investment.

CEFC China Energy will continue to expand operations overseas, after making two high profile investments in Russian companies this year.

The hitherto little-know state-owned oil trader plans to set up a Sino-Russia investment fund with oil major Rosneft and plans deals in sectors such as infrastructure and logistics, CEFC’s president Chan Chauto said at an investment conference in Moscow on Tuesday.

In September CEFC agreed to buy 14.16% of Russian oil major Rosneft for $9.1 billion. CEFC has also emerged as a cornerstone investor in Russian aluminium and power producer En’s IPO in London and Moscow, Russia’s biggest listing for five years.

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