The Moscow Times
The Cabinet is opposed to the idea put forth by Rosneft’s President Igor Sechin that his firm buy the state’s stake in the port of Novorossiysk, high-ranking officials familiar a report on the facility’s privatization said Monday.
The report is to be submitted to President Vladimir Putin this week, and its authors
believe that the port should be privatized through selling the government’s stake on the open market or to a strategic investor — with priority given to the first option, Vedomosti reported.
A spokesman for Deputy Prime Minister Igor Shuvalov declined to comment.
In early October Sechin proposed in a letter to Putin to privatize the 20 percent stake of the Novorossiysk port owned by the state through a targeted sale to Rosneft.