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Rosneft may still be privatized this year — minister

June 16, 2016, 10:17 UTC+3

Many have expressed interest though there have been no official applications

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© Ivan Zhuravlev/ITAR-TASS

ST. PETERSBURG, June 16. /TASS/. Russia’s Economic Development Minister Aleksey Ulyukayev said the possibility of Rosneft privatization this year still remains.

"Many have expressed interest though there have been no official applications. Yesterday we received a report from the investment advisor - Banca Intesa," he said on the sidelines of the St. Petersburg International Economic Forum.

According to Ulyukayev, Intesa has started preparing the report on Rosneft privatization. "After that we’ll formulate our proposals," he said, adding that "there are some recommendations."

Russia’s Energy Minister Alexander Novak said has admitted the participation of big companies in Rosneft privatization, including those from China.

The economic development minister has pointed out that diamond producer Alrosa may be privatized in the summer, though it is unlikely in the first half of the year.

"We need more time [to do it - TASS] in the first half [of the year], but anyways it may be done soon. I think probably in the summer," he said.

Russian Prime Minister Dmitry Medvedev has signed the documents confirming investment advisors for privatization of Alrosa, VTB and Bashneft.

"Yesterday the head of the government signed a decree confirming investment advisors on Alrosa, Bashneft and VTB, which are Sberbank, VTB Capital and Renaissance Broker, respectively. Now we’re expecting a related report," Ulyukayev said.

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