Transneft considers NCSP exit

摘要

Russia’s energy ministry has given its backing to Transneft’s plan to sell its 35pc stake in Novorossiysk Commercial Sea Port (NCSP), which was made public last month. The company values the stake at Rbs1.2bn ($20mn). Transneft president Nikolai Tokarev asked Russian president Vladimir Putin to consider the issue last month, and the proposal is now under review by a government team led by first deputy prime minister Igor Shuvalov. Energy minister Alexander Novak says his ministry has no objection to a sale. The transport ministry will draw up its own proposal by late October, while the economic development ministry’s position is unknown.