Russia Said to Ban Rosneft From Joining Bashneft Privatization
- Other state companies also said to be forbidden from joining
- Rosneft says it hasn’t been told it can’t participate
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Russia intends to bar energy giant Rosneft PJSC and other state-owned companies from the planned privatization of regional oil producer Bashneft PJSC, according to two people with knowledge of the matter.
The issue was discussed in a meeting headed by Prime Minister Dmitry Medvedev a few weeks ago, one of the people said. The decision stands even after the government’s own consultant on the deal, VTB Capital, included Rosneft among potential buyers it had invited to participate, a second person said. Both people asked not to be identified as details of the discussions aren’t public.