The speaker allowed the sale of “Bashneft” in parts

The government keeps plans for privatization of the state stake in Bashneft (of 50.08%), it can be sold piecemeal, said Thursday the Minister of economic development Alexei Ulyukayev.

“It can be offered in one lot, may be offered in several lots”, — quotes the words of speaker “Interfax”.

Privatization, as of 50.08% of “Bashneft”, and 19.5% of “Rosneft” could take place “at any time”, starting from September 2016 until the end of 2017, said the head of the MAYOR. According to him, “it’s a question of assessing the market conditions, investors’ relations, i.e. the totality of factors.”

By order of the government E&Y estimated the government’s stake in Bashneft in the range from 297 billion to 315 billion rubles. According to the Ministry, applications for participation in the privatization of the company filed nine contenders, including Rosneft, LUKOIL, Tatneft and Fund Energy ex-energy Minister Igor Yusufov. In mid-August, the government postponed the privatization of the state stake in Bashneft, which earlier was planned for September—October.