Moscow-Russia may reduce its 75% stake in the country’s largest oil producer Rosneft over 2012-2015 as part of a national privatization program, but will retain a controlling share in the company, Russia’s Deputy Prime Minister Igor Shuvalov said late October 20. Under the program, the government is considering selling up to 15% of its stake in Rosneft on the market, with the remaining 9% stake sold via swaps. Russia plans to sell state-held stakes in around 900 entities with the aim of raising approximately Rb1.8 trillion ($58.5 billion) for the government coffers, the government said.
展开▼
