Currency converter
All news
News Search Topics
Use filter
You can filter your feed,
by choosing only interesting

Russia's Bashneft oil company becomes state property — source

December 09, 2014, 19:14 UTC+3 MOSCOW

The oil company may be privatized again later

1 pages in this article

MOSCOW, December 9. /TASS/. Russian oil company Bashneft is returned to the government, a representative for the Federal State Property Management Agency and a source from the government’s economic block told PRIME Tuesday.

On Monday, a decision of the Moscow Arbitration Court to nationalize a 81.7% common share stake and a 20.8% preferred share stake in Bashneft, which earlier belonged to multi-industry holding AFK Sistema, came in force.

In September, the Prosecutor General’s Office filed a claim on violations during privatization of the republic of Bashkortostan’s oil and gas assets, now comprising Bashneft, in 90s, demanding Bashneft’s return to the government.

The oil company may be privatized again later.

Show more
In other media
Partner News