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Russian Deputy PM: Strategic investors preferable for Bashneft stake sale

July 11, 16:24 UTC+3
Russian oil producers Lukoil and Independent Petroleum Company already expressed interest in Bashneft’s privatization
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© Sergey Savostyanov/TASS

MOSCOW, July 11. /TASS/. Strategic investors are preferable as buyers for the stake in the Russian oil producer Bashneft, First Deputy Prime Minister Igor Shuvalov said on Monday.

"This may be an exchange deal. However, this controlling stake [in Bashneft] should be probably offered to strategic investors in the first instance now," the official said.

"No final" decision has yet been made on this matter, Shuvalov said.

"There must be an investor that will give more for development of the company. An important factor also is how much it will pay," he added.

Russian oil producers Lukoil and Independent Petroleum Company already expressed interest in Bashneft’s privatization.

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