Putin says Rosneft buy of Bashneft gives impetus to privatization

Putin says Rosneft buy of Bashneft gives impetus to privatization
 

The Russian government's sale of a controlling stake in mid-sized oil firm Bashneft to the country's largest oil producer Rosneft should give momentum to Russia's privatization drive, President Vladimir Putin said on Wednesday.
The Economy Ministry said that the government had completed the sale of the Bashneft stake to Kremlin-owned Rosneft for 329.69 billion roubles ($5.30 billion).
Rosneft bought a 50.08 percent stake in Bashneft, Russia's fastest growing oil company with production of 400,000 barrels per day (bpd) and extensive refining assets, beating an offer from an unidentified... read more

 
12 October 2016 in Business, Views: 44
Source: Reuters
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