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Rosneft Could Be Ripe For Further Equity Issue.

NEFTE Compass

| January 24, 2007 | COPYRIGHT 2009 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The Russian state may offer markets a further 25% of Russian state-run oil company Rosneft's shares this year, said Valeriy Nazarov, director of Russia's Property Agency. However, analysts doubt that the state's holding company, Rosneftegas, will give up its 75.16% majority holding without a fight.

The Russian Federation would be satisfied with a controlling stake of over 50%, Nazarov was quoted as saying by Russian news agency Interfax. He added that the size and timing of the stake offered would depend on a government decision.

Rosneft raised $10.6 billion last year in Russia's largest ever initial public offering (IPO), selling off about 15% of its …

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Source: HighBeam Research, Rosneft Could Be Ripe For Further Equity Issue.

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