Russian Energy Ministry Supports Sale of State Shares in Transneft, Rosneft and Zarubezhneft

October 29, 2013

The Russian Energy Ministry supports a plan to sell the state-owned shares in the companies Transneft, Rosneft and Zarubezhneft by 2016, deputy minister Aleksey Teksler has said.

He said work on road maps to privatize Transneft, Rosneft and Zarubezhneft started last summer. The road maps have not been approved yet.

Teksler added that the decision to freeze Transneft’s tariffs might affect privatization deadlines, but the deadlines should not be moved beyond 2016.

Source: CDU TEK, 2013