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Bashneft privatization case

Russian oil giant Rosneft never received proposals on Bashneft purchase — CEO

We never considered buying this asset beacuse it was known there were privatization risks and risks of tax claims, Rosneft CEO Igor Sechin says

© ITAR-TASS/Nikolai Nikitin

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No proposals on Bashneft oil company nationalization — energy minister

“It was known that there were privatization risks and risks of tax claims, that is, a criminal tail. And the market knew about these skeletons in the cupboard,” Sechin said. “I believe this is why we had never considered buying this asset,” the Rosneft chief said. “But Vladimir Yevtushenkov is a very wise man and an experienced entrepreneur. I believe he weighed all risks when taking a decision on the acquisition,” Sechin said.

The Rosneft head also said he hoped that this problem would be settled on the basis of law.

“We continue working with AFK Sistema. It is our communications operator. We receive infrastructure and logistics services from them. We are cooperating with the bank that is part of AFK Sistema Group. And this cooperation is beneficial and mutually advantageous,” Sechin said.

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Rosneft Vladimir Yevtushenkov Bashneft

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