Russia's Bashneft Stake Preliminarily Valued At $3B

Reuters

MOSCOW, Aug 3 (Reuters) - The Russian government's stake in oil company Bashneft is seen worth $3 billion, according to a preliminary valuation, Russian news agencies quoted First Deputy Prime Minister Igor Shuvalov as saying on Wednesday.

The government plans to sell its 50.08 percent stake in the mid-sized oil producer this year as part of a wider privatisation of state assets.

(Reporting by Katya Golubkova; Editing by Maria Kiselyova)

Copyright 2016 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
GIS Intern Job
Expertise: Cartography / Mapping|Landman|Modeling
Location: Eau Claire, WI
 
Mechanical Quality Assurance (QA) Specialist
Expertise: QA / QC / Inspection|Regulatory Compliance
Location: Anchorage, AK
 
Electrical Quality Assurance (QA) Specialist
Expertise: QA / QC / Inspection|Regulatory Compliance
Location: Anchorage, AK
 
search for more jobs

Brent Crude Oil : $53.89/BBL 1.67%
Light Crude Oil : $50.84/BBL 2.14%
Natural Gas : $3.7/MMBtu 2.77%
Updated in last 24 hours