Qatar is “absolutely” confident in its investment in majority state-owned Russian oil company Rosneft, the head of Qatar’s sovereign wealth fund has said.
Qatar Investment Authority and commodities trader Glencore paid $10.8 billion for a 19.5 percent stake in Rosneft last year.
Asked if he was confident about the investment, Sheikh Abdullah bin Mohamed bin Saud al-Thani, chief executive of the QIA, said: “Absolutely, no doubt.”
The sheikh made the comments to the media at the sidelines of an investment conference in London.