Mining giant Glencore PLC and Qatar said they have scrapped plans to sell a roughly $9 billion stake in Russian state oil company PAO Rosneft to a once-high-flying Chinese firm now embroiled in investigations by Beijing.
In a statement late Friday, Glencore and Qatar said they were terminating an agreement, reached in September, to sell most of their roughly one-fifth stake in Rosneft to CEFC China Energy Co. The deal was intended to provide CEFC with just over 14% of Rosneft and would have strengthened energy ties between...