The Cabinet in the near future will determine the method of privatization and the size of the stake in Bashneft

BUDENNOVSK, 16 February. The government soon expects to decide on the method of privatization and the number of shares of “Bashneft”, told reporters Deputy Prime Minister Arkady Dvorkovich.

“The government has not yet defined neither the size of the package nor the method of sale. Soon we are going to determine this. We expect significant interest from investors and will welcome the competition. We look forward to the development of the company through privatization,” he said.

In turn, the head of LUKOIL Vagit Alekperov said that the company is interested in participating in the privatization of Bashneft and the purchase of a controlling stake, but has not yet made a formal proposal to the government.

“We are officially its proposal to the government do, don’t have privatisation conditions. If acceptable conditions, then we are ready to consider this question and to participate. We are interested in the controlling stake,” said he.