CEFC had signed a deal to buy 14.2 percent of Rosneft from Qatar and Glencore when CEFC Chairman Ye Jianming was put under investigation by the Chinese authorities for suspected economic crimes.
Qatar Mining News
The Qatar Investment Authority (QIA) is taking a stake in Rosneft of nearly 19 percent, after a deal with China's CEFC fell through.
Qatar Investment Authority stepped in after the sellers -- a consortium of QIA itself and mining giant Glencore Plc -- told CEFC it wouldn’t proceed with the original deal announced in October.
The state energy giant will list 49 percent of its shares in the country's aluminium smelter plant Qatalum in a public offering.
World oil production rose about 2.5% last year, from 4,019 million tonnes in 2011 to 4,119 million tonnes in 2012.