20:49 GMT +315 December 2017
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    GOVERNMENT SURE TO SELL OFF LUKOIL STOCK: COMPANY BOSS

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    MOSCOW, JANUARY 13 (RIA NOVOSTI) - A 7.6% block of LUKoil shares presently in government hands will certainly pass into private. It is up to the holder to determine selling terms and patterns, and decide whether the stock will be sold before a federal presidential election of March 14, or after.

    The government can sell the block any day it likes, and is free to use marketing benefits. The block is roughly evaluated at US$1.5 billion, with due account for current capitalization, Leonid Fedun said to a news conference in Moscow.

    Mr. Fedun is vice-president of the biggest Russian-based oil monopoly.

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