STUTTGART (Sputnik) — Last week, Russian Finance Minister Anton Siluanov unveiled the Russian government’s plan to sell 19.5 percent of Rosneft shares in the second half of 2016.
CNPC Chairman Wang Yilin earlier told Rossiya-24 television that his company would study the possibility of increasing its holding in Rosneft with the goal of being involved in the firm's management.
"Certainly, if they [the CNPC] will have a stake that ensures their seat at the board of directors, they will be able to participate in the management [of Rosneft]," Ulyukaev told reporters.
The Chinese company already has a small stake in Rosneft acquired in 2006 during IPO.
The Russian government controls 69.5 percent of the energy company’s shares.
