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Privatization of 19.5% stake in Rosneft on track

CEO of the Russian oil major Igor Sechin also said he has no information about plans to privatize 10% more in Rosneft next year

Igor Sechin Stanislav Krasilnikov/TASS

Igor Sechin

© Stanislav Krasilnikov/TASS

LIMA, November 20. /TASS/. Privatization of 19.5% stake in Rosneft is on track despite the situation with arrest of ex-economy minister Alexey Ulyukayev, Chief Executive Officer of the Russian oil major Igor Sechin said on Sunday on the sidelines of the APEC forum in Peru.

"There is a government decree and it is performed absolutely normally," Sechin said.

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"Certainly," he added responding to the question whether everything is running smoothly.

He also said that he has no information about plans to privatize 10% more in Rosneft next year.

"I am the company manager; we will perform the decision made by the government. I know nothing about it at the moment. There is a government decree we are performing, about sale of 19.5%. I am not aware of any other official documents," Sechin told journalists on the sidelines of the APEC summit in Lima.

At the same time, Rosneft CEO did not directly answer the question whether Indian, Japanese and Chinese investors continue showing interest in privatization. "China is the strategic partner. We are supplying 31 mln tonnes of oil, building a plant, and working with Beijing Gas and Sinopec," Sechin said.

It was reported earlier the Russian government intends to privatize Rosneft by December 5.

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