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Middle Eastern investors would hold majority stake in proposed Russian oil deal

A proposed multibillion-dollar Russian oil transaction would place majority ownership with Middle Eastern investors, some of whom have business ties to US negotiators.
3 min read · Estonia Politic Editorial
The proposed Russian oil deal has focused attention on its prospective ownership structure
The proposed Russian oil deal has focused attention on its prospective ownership structure

A proposed multibillion-dollar deal involving Russian oil assets would give a majority ownership position to a group of Middle Eastern investors, according to reporting by The New York Times.

The ownership structure has drawn scrutiny because some investors in the group have business relationships with US negotiators involved in discussions around the transaction.

The deal remains proposed, and the available reporting does not establish that it has been completed. Its structure nonetheless places Middle Eastern capital at the centre of a significant prospective investment connected to Russia's oil sector.

For European governments, the case underscores how investment networks spanning the Gulf, the United States and Russia can complicate the political and economic considerations surrounding Russian energy assets.

Source: The New York Times Europe