25 Apr 2016 10:27

Revenues from privatization in 2016 may be near 1 trln rubles only from Rosneft, Bashneft - minister

MOSCOW. April 25 (Interfax) - The privatization of only Rosneft and Bashneft may bring the budget about 1 trillion rubles, Economic Development Minister Alexei Ulyukayev told journalists in Geneva on Friday.

Commenting on a question about whether the Economic Development Ministry still expects to earn 800 billion rubles from privatization in 2016, the minister said: "Everything depends mainly on Rosneft, [a 19.5% stake of which] on the market costs 650 billion rubles."

"Correspondingly, Bashneft, now our stake on the market costs probably somewhere around 250 billion rubles, we certainly want a premium," the minister said.

"Consider that already two of these assets, this is under a trillion rubles," Ulyukayev said.