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    China's CNPC Still Shows Interest in Privatization of Russian Rosneft Oil Giant

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    2016 Eastern Economic Forum in Russia's Vladivostok (41)
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    The Russian economic development minister said that CNPC still showed interest in Rosneft privatization.

    VLADIVOSTOK (Sputnik) — China's CNPC oil and gas corporation continues to show interest in privatization of Russian Rosneft oil company, Russian Economic Development Minister Alexei Ulyukayev said on Saturday.

    "Yes, I think so," Ulyukayev told reporters on the sidelines of the second Eastern Economic Forum (EEF) in Vladivostok, answering the question whether CNPC remained interested in Rosneft privatization.

    "A lot [of companies] are interested in the privatization of Rosneft," he added.

    Russia is due to sell 19.5 percent of Rosneft shares before the end of the year.

    On Friday, Ulyukayev said that Russia could receive some 700 billion rubles ($10 billion) from partially privatizing Rosneft.

    Topic:
    2016 Eastern Economic Forum in Russia's Vladivostok (41)

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    2016 Eastern Economic Forum, Rosneft, China National Petroleum Corporation (CNPC), Alexei Ulyukayev, Russia
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