New head of Rosimuschestvo didn’t release the period of privatization of Rosneft and Bashneft

​The period of privatization of large assets in Russia in 2016, including Rosneft and Bashneft, are not clear – it is early to speak about it as yet, the new head of Rosimuschestvo, D. Pristanskov, said.

The conditions and frameworks of privatization are determined by the President – this is a strict following the legislation, transparency, attraction for participation in the process of privatization of high-quality investors with the Russian jurisdiction, that have strategic development plans for the privatized assets and their own resources.

The head of Rosimuschestvo said that the selection of the method of selling the state package –either public trades or sale to a strategic investor – depends on the asset. The key moment for making the decisions is the meeting of interests the regions of Russia.

The attraction of an effective strategic investor or a sale via public trades to the one who offers the best price will anyway correlate with the interests of regions, if it allows to receive the highest market price for the asset, reduces the burden on the budget, increases the number of working places, leading to the multiplicative effect in the scale of the country. All this and other socio-economic parameters need to be seriously analyzed when choosing the method of property sale, Mr. Pristanskov said.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer