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Privatization of Russia's Bashneft, Sovcomflot Possible by End of the Year

© REUTERS / Sergei KarpukhinA worker checks the valve of an oil pipe at an oil field owned by Bashneft company near the village of Nikolo-Berezovka, northwest from Ufa, Bashkortostan, January 28, 2015
A worker checks the valve of an oil pipe at an oil field owned by Bashneft company near the village of Nikolo-Berezovka, northwest from Ufa, Bashkortostan, January 28, 2015 - Sputnik International
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Russia's First Deputy Prime Minister Igor Shuvalov said that the deals on Bashneft and Sovcomflot privatization could be completed by the end of the year.

MOSCOW (Sputnik) — The privatization of Russian oil company Bashneft and maritime shipping company Sovcomflot could take place by the end of the year, Russia's First Deputy Prime Minister Igor Shuvalov said Monday.

"Bashneft and Sovcomflot deals are upcoming. We are working with potential Rosneft investors. We hope that all or a part of the companies will be sold by the end of the year," Shuvalov told reporters.

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