MOSCOW (Sputnik) – Rosneft CEO said at the meeting with Russian President Vladimir Putin that the members of the consortium will have equal stakes, 50% each.
Sechin also said that Rosneft and Glencore consortium will sign a long-term deal on oil deliveries as part of privatization of the Russian oil company.
"The deal is not just a portfolio investment, [it] has strategic importance and such additional elements as conclusion of the long-term agreement with Glencore, [and] coordination of the market position resulting from this work, as well as establishment of a special joint enterprise to produce [oil] with this consortium on the Russian territory and [within the framework] of the international projects," Sechin said at the meeting with Russian President Vladimir Putin.
