Ulyukaev hopes to sell 19.5% of Rosneft’s shares for 900 bln roubles

​The Minister of Economic Development, A. Ulyukaev, hopes that 19.5% of Roosneft’s shares will be sold for 900 bln roubles.

We are short by 1 trln roubles of oil and gas revenue a year, have a surplus of about 100 bln roubles – not oil and gas revenue. We plan to cover the gap of 900 bln roubles by the privatization of Rosneft, he said.

The current capitalization of Rosneft  makes up 3.5 trln roubles of $54.3 bln, thus the market value of the package makes up about 680 bln roubles. The head of Rosneft, I. Sechin, said that at the assessment of the company’s value there is a range from $56 bln to $120-130 bln based on the basic value of the company.