News Update :

Russian fuel and energy complex to be privatized

Thursday, May 24, 2012


Privatization of companies of Russia’s fuel and energy complex may start already this year, President Vladimir Putin said during his meeting with representatives of public organizations and entrepreneurs in Moscow on Thursday.

He added that the privatization will come amid signs of  improvement of the economic situation in Russia. He stressed that the companies should be sold for “their real price.”

Earlier this week, Putin ordered the government to approve a program to sell assets of state-controlled Rosneftegaz which holds more than 75 percent of the shares of Russia’s oil giant Rosneft.

The program is due to be implemented before the end of 2015.
Privatization of companies of Russia’s fuel and energy complex may start already this year, President Vladimir Putin said during his meeting with representatives of public organizations and entrepreneurs in Moscow on Thursday.

He added that the privatization will come amid signs of  improvement of the economic situation in Russia. He stressed that the companies should be sold for “their real price.”

Earlier this week, Putin ordered the government to approve a program to sell assets of state-controlled Rosneftegaz which holds more than 75 percent of the shares of Russia’s oil giant Rosneft.

The program is due to be implemented before the end of 2015.

RIA

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