22:24 GMT +322 October 2017
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    BP Group Chief Executive Bob Dudley

    Now Not Best Time to Privatize Russia’s Rosneft Oil Company – BP President

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    BP President Bob Dudley said that now it is probably not the right time to privatize Rosneft due to oil prices.

    LONDON (Sputnik) – Now is not the right time to privatize Russia’s oil giant Rosneft with oil prices at the current level in agreeance with Rosneft President Igor Sechin on the idea, BP President Bob Dudley said Wednesday.

    "I don't think we will see $100 oil for a while. I agree with Mr Igor Ivanovich [Sechin], now it is probably not the right time to privatize Rosneft with these prices,” Dudley said.

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    privatization, BP, Rosneft, Bob Dudley, Russia
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