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Option for Rosneft privatisation in 2012 remains

Belousov informed the Ministry of Economic Development would offer variants of how Rosneftegaz would make investments

NOVO-OGAREVO, May 24 (Itar-Tass) —— The option for privatisation of Rosneft in 2012 remains, Russia’s Minister of Economic Development said on Thursday, adding it would require certain positive conditions in the market.

He disagreed with the statement that the president’s orders on Rosneftegaz would postpone the privatisation.

“The information that privatisation is tabooed is not right,” he said.

“No changes in the privatisation policy have taken place,” the minister said. “Very soon we shall present to the government a draft order /of the government/ on changes to the privatisation plan, where all these companies will be mentioned.”

He explained that the changes would be made to the plan to 2016.

The minister expressed a view that “the president’s orders have provided protection from possible hasty actions.”

“Neither from the point of view of the technology, or even of ideology /of privatisation/ no changes have been made,” he said.

Belousov informed the Ministry of Economic Development would offer variants of how Rosneftegaz would make investments.

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