Chechnya head says all disagreements with Rosneft solved

MOSCOW, Apr 20 (PRIME) -- The Chechnya Republic and oil major Rosneft have settled all disputes, head of the republic Ramzan Kadyrov told President Vladimir Putin late on Wednesday.

“We have come to an agreement with (Rosneft CEO) Igor Ivanovich (Sechin). There had been some misunderstanding. As far as I understood, Rosneft’s executives did not understand what we want,” Kadyrov said.

“Today, we have found a common ground. And we will move on and develop the relations. Rosneft remains very important for us in the republic and will continue to invest, develop both the oil area and the republic’s economy.”

Kommersant business daily reported in February that Rosneft wants to sell 51% in Grozneftegaz and other assets in the republic of Chechnya to the republic for 12.5 billion rubles. Kadyrov said the price is too high and promised to seek a fair deal.

The Financial Times said that an investigation into involvement of some Chechen organizations in a terrorist attack in St. Petersburg metro on April 3 was connected with the conflict between the republic and the oil company. Sechin and Kadyrov called the article a “deliberate lie” and said they did not ruled out turning to court.

(56.1753 rubles – U.S. $1)

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