Medvedev promised to privatize “Bashneft” and “Rosneft” to the end of the year

Prime Minister of Russia Dmitry Medvedev

The state-owned shares “Bashneft” (of 50.08%) and “Rosneft” (19,5%) will be privatized this year, said during a meeting with Russian business circles within the framework of international investment forum “Sochi-2016” Prime Minister Dmitry Medvedev.

“Are we going to do (privatize the shares of state-owned companies. — RBC) including this year, including on some of those big, large blocks of shares. For example, such as “Rosneft” and “Bashneft”, — he said (quoted by “Interfax”). The representative of the Ministry of economic development Elena Lashkina told RBC that the two companies are in the privatization plan for 2016.

In mid-August, the official representative of Dmitry Medvedev Natalia Timakova has informed RBC that the privatization of “Bashneft” is being postponed to a later date, but sources in the government said that the sale may not take place this year. First Deputy Prime Minister Igor Shuvalov, on 17 August reported that the government stake in Bashneft to be privatized, after “Rosneft”.

The Ministry of Finance lays in the 2016 budget revenues from privatization of “Rosneft” and “Bashneft”, told journalists in Sochi the Minister Anton Siluanov, according to TASS.

One of the main contenders for the shares of “Bashneft” — the head of LUKOIL Vagit Alekperov said that he does not expect privatization of “Bashneft” in the near future. “I don’t think that in the near future will be sold “Bashneft”, because, on the one hand, the government raises taxes, on the other hand, wants the asset to sell expensive,” he said at the same forum in Sochi.

In addition to LUKOIL to buy the state-owned stake of “Bashneft” were going to “Rosneft”, the Independent oil and gas company controlled by the former President “Rosneft” Edward Khudainatov, the Fund Energy-Igor Yusufov, Antipinsky oil refinery, RDIF, “Tatneft” and “Tatneftegaz”. Last week it became known about another candidate — a little-known company “the lighthouse Coolgas” belonging to a citizen of Australia Vladimir Gamersa. According to “Vedomosti”, it is ready to pay for the asset is $6 billion — Jamise wrote a letter to President Vladimir Putin.

By order of the government E&Y estimated of 50.08% of Bashneft in 297-315 billion rubles. But after the statements of the Ministry of Finance plans to seize from oil and gas companies RUB 232 billion in extra taxes this evaluation of the E&Y becoming irrelevant, said Friday Alekperov (quoted by “RIA Novosti”).

On the Moscow exchange on 19:41 GMT shareholding 50.08% in Bashneft cost 259,11 billion.