10 Jun 2011 18:23

Rosneft delays deciding on option program until year's end

KRASNODAR. June 10 (Interfax) - Rosneft is putting off its decision for its option program until year's end, the company's president, Eduard Khudainatov, told journalists on Friday.

"We are now working on the extent of management to be involved in the program. This will be a long-term, ten-year, program in three-year phases. 1.5%-2% of the company's shares might be earmarked for the program, this is being discussed. It will be both long-term and short-term. It might be ready when the strategy has been prepared. We would like to synchronize these two moments," he said.