According to a Reuters report of August 17, 2017, CEFC China Energy, China's sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft (ROSN.MM).  Senior executives at both companies are reported to be in preliminary discussions and there have already been two meetings between CEFC Chairman Ye Jianmin and Rosneft CEO Igor Sechin since July. It was not immediately clear how much CEFC would invest in Rosneft, nor if the Chinese group would buy new shares or existing stock in the parent company. Reuters quoted one person familiar with Rosneft as saying it would be open to selling CEFC a stake in its retail business, which includes almost 3,000 filling stations, around 150 oil storage complexes and over 1,000 gasoline tankers.