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Nigel Cassidy

“It puts Russia back on the map in terms of energy deals”

Nigel Cassidy
Original Broadcast:

Share Radio Breakfast

“It puts Russia back on the map in terms of energy deals”
Analysts say that Glencore could add an extra £63m a year to profits after buying a 19.5% stake in Russian energy giant Rosneft for £8.6bn. One of the key conditions was Glencore agreeing to sell 220,000 barrels of Rosneft’s oil a day over the next five years. It comes as Russian president Vladimir Putin tries to plug a budget deficit by privatising state assets. James Brydges spoke to Michael Moynihan, Research Director for Russia at Wood Mackenzie, to find out more.

Guests: James Brydges,Michael Moynihan