Russian min says sees risk of no Rosneft privatization in 2016

VIENTIANE, Aug 5 (PRIME) -- The Russian government may have no time to privatize a 19.5% stake in oil major Rosneft in 2016, Economic Development Minister Alexei Ulyukayev said Friday.

“We can have no time,” Ulyukayev said.

He said that the fulfillment of a plan to raise 1 trillion rubles for the state budget from privatization of assets in 2016 depends on the sale of the government’s stake in Rosneft.

State oil and gas holding Rosneftegaz, through which the government holds 69.5% in Rosneft,

has submitted the privatization schedule to the government. The schedule envisages that the appraiser work for Rosneft must be completed by September 1.

(66.3941 rubles – U.S. $1)

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