Rosneft Should be Free of State Control by 2016

Russia’s largest oil company, Rosneft, should be completely removed from state control by 2016, Prime Minister Dmitry Medvedev said on Thursday at the opening of a government meeting on changes to the federal property privatization plan.

“Also on the list are the largest state energy firms, oil companies, very large producer corporations, including Rosneft, which should be completely taken out of direct state control by 2016,” Medvedev said.

Medvedev said the modified privatization plan includes the list of share stakes in the largest companies which must be privatized by 2016.

The project includes the full or partial privatization of Sovcomflot shipping company, Sberbank, United Grain Company, Rosagroleasing, Rusnano and RZD (Russian Railways) he said.


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