The head of LUKOIL has confirmed the interest in buying Bashneft


“When will be presented the terms of privatization of “Bashneft”, Yes, we will be interested in this asset,” said President and co-owner of LUKOIL Vagit Alekperov.

“We are the largest supplier of oil to the company, I worked in it, Bashneft is our partner on many projects, so today will be acceptable if price and conditions, to enable the company to become the operator (the owner of the controlling. — ) to manage the project, we are ready to participate in the purchase of an asset in competition”, — he noted.

Friday, 12 February, Reuters reported that LUKOIL has notified the government about the interest in the privatization of “Bashneft”. But LUKOIL has not yet sent formal proposals to the government for the purchase of Bashneft, said on Tuesday Alekperov.

But Deputy Prime Minister Arkady Dvorkovich said that authorized agencies have been instructed to develop conditions for the privatization of Bashneft and other companies of fuel and Energy complex from the list, but so far no package dimensions, nor conditions of sale. “When the government will decide and take a decision, we would welcome the interest of strategic investors, including LUKOIL,” said Dvorkovich.

The scheme of privatization of “Bashneft” and “Rosneft” on Tuesday considered at a meeting chaired by Prime Minister Dmitry Medvedev told government sources.

In December 2014 AFK “System” by a court decision returned a controlling stake in Bashneft to the state. Now in state ownership is 75% of the oil company (50% plus one share of Rosimushchestva, 25% plus one share in Bashkiria).

The President of Bashkortostan Rustem Khamitov on Tuesday declared that the government had no plans to sell its stake: “in terms of our package — 25% plus one share, our position is the following: not to sell”. “Still, it’s the property of the Republic. Just ended the celebrations of the packet the property of the Republic, and, of course, we have no right to disappoint our fellow citizens the news in the sale of this package”, — he added, reports TASS.

According to the magazine Forbes, in addition to LUKOIL’s interest in the privatization of “Bashneft” and show the big players in the market of real estate Alexey and Yuri Hominy, already bought a few small oil companies, total cost of $450-550 million