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First deputy PM assures plan on privatization of Rosneft shares to remain in force

GORKI, November 16. /TASS/.The plan on privatization of Rosneft shares will remain in force, First Deputy Prime Minister Igor Shuvalov told reporters.

"We are getting ready for sale of 19.5%," he said.

He declined to comment on investors.

"I can’t say anything about the terms that we have with our advising bank - until their final approval we have not right to disclose any information," Shuvalov said.

Shuvalov said that everything is going in compliance with the plan.

Read also

Russian government approves documents on privatization of 19.5% of Rosneft

"If we manage to sell 19.5% of Rosneft this year, this is much more than we planned at the initial budget cycle, so now we are significantly ahead of the plan," the First Deputy Prime Minister.

According to him, the government will conduct monitoring before deciding on further privatization transactions.

"We won’t take any hasty decisions," he said.

The Russian government is going to privatize Rosneft until 5 December.

Until this date, Rosneftegaz which is the main shareholder of the oil company is to sell 19.5% of Rosneft for the sum which is not less than 710.847 bln rubles ($10.9 bln).

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Rosneft Igor Shuvalov

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