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Russia May Delay Rosneft Sale in 2012, Minister Nabiullina Says

Russia may delay the sale of OAO Rosneft, the country’s largest oil producer, next year, Economy Minister Elvira Nabiullina said.

“There are different proposals regarding Rosneft’s privatization, including a sale at open market and assets’ exchange as well,” Nabiullina told reporters at a press conference in Moscow today.

Russia can sell stakes in shipper OAO Sovkomflot, OAO Sberbank and VTB banks in 2012, she said.

Russia’s gross domestic product grew 5.4 percent in November compared with a year earlier, and the seasonally adjusted GDP rose 0.3 percent last month from a year earlier, she said. Trade balance was $16.4 billion in November from $10.8 billion a year earlier, the minister said.

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