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New China Energy Star Unsated After $9 Billion Rosneft Deal

  • Pegged as an investor in Russia’s En+, Georgia’s Poti port
  • In 15 years it has become China’s biggest private oil company
A worker passes an illuminated oil drilling rig and drill pipes, operated by Rosneft PJSC.
Photographer: Andrey Rudakov/Bloomberg
Updated on

A $9 billion stake in one of the world’s biggest oil companies may not be enough for CEFC China Energy Co.

A week after China’s largest private energy company struck a deal for a chunk of Rosneft PJSC, it’s been pegged as a possible investor in a Russian metals and power business and a free-trade zone in Georgia’s Black Sea port of Poti.