Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

Increase in Rosneft's Capitalization Eyed

The decision on whether or not to privatize state-owned oil company Rosneft should be made after steps are taken to stimulate an increase in the company's capitalization, Rosneft President Igor Sechin said Thursday, Interfax reported.

"If a decision on privatization is made rapidly, it should be preceded by stimulus measures," he said.

"If you require a financial result that we could get as a result of a process extending over time, then of course we need to consider projects that influence capitalization," Sechin said. "These are a decision on exporting liquefied natural gas, a reappraisal of resources, particularly in light of new offshore projects, and potential discoveries of new fields. Then the maximum efficiency will arise."


Read more

Russia media is under attack.

At least 10 independent media outlets have been blocked or closed down over their coverage of the war in Ukraine.

The Moscow Times needs your help more than ever as we cover this devastating invasion and its sweeping impacts on Russian society.