Rosneft Privatization Seen in H2

Rosneft Privatization Seen in H2

Privatization of Russia’s oil major Rosneft is expected to take place in the second half of the year, Russia's Finance Minister Anton Siluanov said. The Russian government plans to sell a 19.5% stake in the firm, Reuters reported. Russia's presidential aide, Andrey Belousov, had said the Russian government could not sell its stake in Rosneft on the public market. “Considering that it is planned to sell 19.5%, I think it would be appropriate if there are two investors, not only one investor, because it is quite a big package and these should be strategic investors,” he said. Rosneft has had tough times as of late, with its 25-year deal—previously valued at $270 billion—to supply oil to China National Petroleum Corp now at risk as crude prices are still low. These prepayment contracts have been a major source of alternative financing for Rosneft. Russian Deputy Energy Minister Alexei Teksler said state-run CNPC was interested in acquiring a piece of Rosneft. China confirmed its interest in securing its long-term oil supply.


Short URL : http://goo.gl/cYRwss
  1. http://goo.gl/srIkpC
  • http://goo.gl/STgqqw
  • http://goo.gl/pPXDLr
  • http://goo.gl/TEw0c2
  • http://goo.gl/AfaL4f

You can also read ...

NIOC Making Decision on Changuleh Joint Oilfield
The National Iranian Oil Company is weighing up whether to...
Norwegians Discussing Wind, Solar Joint Deals
In line with efforts to enhance the country's renewable power...
A view of the South Pars Gas Field in Kangan, Bushehr Province
Pushing its multibillion-dollar Iran venture on several fronts...
IDRO, Chinese Firm Sign PV Panel Deal
The Industrial Development and Renovation Organization of Iran...
More Than 5% of Aramco May Be Offered Beyond IPO
Saudi billionaire investor Prince Alwaleed Bin Talal on Monday...
OPEC Denies Controlling Oil Market
The global oil market is not controlled by the Organization of...
The market is in a tug of war between short-term bullish drivers and concerns for market rebalancing.
Oil prices held on to last week’s gains on Monday, supported...