Rosneft seeks world oil support

Petronas, Malaysia’s state oil company, and China National Petroleum Corp are planningto invest up to $2bn each in Rosneft as the Russian oil giant seeks support for its initial public offering.

Rosneft, which hopes to raise $10bn-$11.7bn through listings in London and Moscow at the end of next week, is understood to be in discussions with at least four oil companies about becoming strategic investors.