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September 15, 2006
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Friday
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Sha'aban 21, 1427
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Privatisation
MOSCOW, Sept 14: The vice president of state-controlled Russian oil group Rosneft said on Thursday that he did not expect any further privatisation of the company. Rosneft executive Peter O'Brien was responding to hints from Kremlin officials that the state may sell far more than the 15 per cent stake sold to investors in July. “We have no plans to issue additional shares,” O'Brien told journalists at an energy conference, adding however that this might happen “if a merger-acquisition situation arises,” Russian news agency Interfax reported.—AFP
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