06:31 GMT +320 October 2019
Listen Live
    Workers look at a drilling rig at a well pad of the Rosneft-owned Prirazlomnoye oil field outside the West Siberian city of Nefteyugansk, Russia, August 4, 2016

    Keep Calm: Plans for Sale of Russian Gov't Stake in Rosneft Remain Unchanged

    © REUTERS / Sergei Karpukhin/File Photo
    Get short URL
    0 75

    Russia's deputy prime minister confirmed that plans for selling the government's stake at the Rosneft energy company remained in force.

    GORKI (Sputnik) — Plans for the sale of a 19.5-percent government stake in Russia's Rosneft oil company remain on track, First Deputy Prime Minster Igor Shuvalov said Wednesday.

    "We are preparing for sale of 19.5 percent of shares. Everything is on track," Shuvalov told reporters.

    The Russian 2016 economic development plan specifies partial privatization of state assets to support budget revenue, which has suffered due to falling oil prices.

    Finance Minister Anton Siluanov said earlier on Wednesday that the government hopes to receive funds from Rosneft privatization into this year's budget.


    Rosneft Offers $3 Mln Buyout to Bashneft Minority Owners
    Russia's Rosneft Increases Daily January-September Output, Drilling - Company
    Rosneft, Beijing Gas Group Sign Deal on 20% Sale of Verkhnechonskneftegaz
    Russia’s LUKoil Not to Participate in Privatization of 19.5% of Rosneft
    Rosneft, Anton Siluanov, Igor Shuvalov, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik