BEIJING, November 8 (RIA Novosti) - Russia's largest state-owned oil producer Bashneft could be put on to-privatize list to decrease the government's presence in the energy market sector of the country's economy, Russia's Economic Development Minister Alexei Ulyukayev said Saturday.
On October 30, the Russian court of Arbitration seized 71.6 percent of the company's shares from the oil-telecoms-retail conglomerate AFK Sistema and its subsidiary firm, and handed them over to the government.
"It is hard to predict what will happen next, but it would be safe to assume that these assets could be added to the privatization plan. Because the government, in my opinion, has no reason to boost its presence in a perfectly market sphere which is oil production and processing," Ulyukayev said during a major international APEC summit.
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