Chinese oil group CEFC become major trading partners with Rosneft

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Last week, Swiss commodities trader Glencore announced a huge shareholding transferal recently acquired by Russian oil giant Rosneft to Chinese multinational CEFC. Without mentioning the reasons behind the purchase, Glencore sold a 14% shareholding onto CEFC, with rumours circulating that the group had run into trouble with funding a major part of the stock.