China’s CNPC was interested in the privatization of “Rosneft”


China national petroleum Corporation CNPC is interested in participation in the privatization of shares of “Rosneft”, said the first Vice-President of CNPC Wang Juncai in the National oil and gas forum in Moscow. He said that it only plans of the company, reports “RIA Novosti”. According to Chinese top Manager, CNPC has formed a working group that is currently studying the issue of participation in privatization. The package of shares of “Rosneft”, which can be bought by the company, has not been determined, said van Junzi.

He also said that CNPC is not interested in participating in the privatization of “Bashneft”.

CNPC has expressed interest in the privatization of Rosneft in 2014, when the government first discussed the sale of 19.5% of the company, said the government official. The Chinese definitely do not sell everything to 19.5% — neither the government, nor of “Rosneft” does not need such a large shareholder, says the source .

“If the deal goes through, buyers will be few and CNPC can get up to 5-7%”, he concludes.

Earlier citing a source, wrote that the package is 19.5% of “Rosneft” can be divided into three parts and sold to three investors from Asia with a condition not to enter into shareholder agreement with BP, which owns 19,75% of state-owned companies, and not to resell her paper “Rosneft”.

The state holding Rosneftegaz owns 69.5% of Rosneft, but plans to reduce its stake to 50%. Sell 19.5% stake in state-owned companies included in the privatization plan for 2016. In February the first Vice-Premier Igor Shuvalov has signed the instruction on preparation for privatization of a package. The government expects to receive for the shares of “Rosneft” 650 billion rubles, said Finance Minister Anton Siluanov in an interview with CNBC in mid-April.

The President of Russia Vladimir Putin on April 14, explained the possibility of selling the state-owned shares of “Rosneft” in the falling market because the country “needed the money”. He added that Rosneft will seek out a “strategic partner who understands and is sure to superdelegate’t need it.”