Russia Considers 2013 Rosneft Stake Sale

MOSCOW - Russia could reduce its stake in OAO Rosneft, the world's largest listed oil producer, to just over 50% this year, the country's economy minister was quoted as saying Thursday. 

Russia reduced its stake to 69.5% as part of a deal, closed last month, to take over TNK-BP. BP PLC increased its holding to almost 20% as part of that deal. 

"It's roughly a further 19%. It's a possibility," Economy Minister Andrei Belousov told a government meeting Thursday, Interfax news agency reported. 

Rosneft's powerful Chief Executive Igor Sechin has opposed further stake sales.

Copyright (c) 2012 Dow Jones & Company, Inc.


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