"The Yugansk auction will have the greatest possible transparency and publicity," he said to disprove frequent media apprehensions of a closed auction.
"Whatever form will be chosen for the auction, the Property Fund will guarantee its openness," he vouched.
An auction day has not been appointed for now, just as a starting price and the form of Yugansk stock sale, added Mr. Zelentsov.
There are several options being considered-for open and closed application, he said last week. That means all who wish, overseas companies being no exception, may make their bids, while price offers are to come up in sealed envelopes. The bidder who offers the highest price exceeding the starting one will win. The auction will require no less than two bidders.
The auction is expected before November's end. The day will be specified as the event is officially announced. Auction preparations will start as soon as the press carries the announcement, and the event will be held a month later, said Vladimir Zelentsov.
