BELARUS NEWS AND ANALYSIS

DATE:

01/08/2008

LUKoil, Rosneft eyeing stakes in Belarus oil companies

RBC, 01.08.2008, Minsk 17:44:12.The Belarus authorities are in talks with LUKoil and Rosneft regarding their participation in the privatization of the Naftan refinery and the Polymir petrochemical producer, both state-owned companies, Vladimir Semashko, the Belarusian First Deputy Prime Minister, said today. One of the conditions of sale, he noted, is that the potential investors need to have sales markets available and raw materials to supply to the privatized companies.

Semashko added that Belarus had offers from other Russian companies as well. Different variants as to the size of the stakes to be sold are being considered, but the most likely option is the sale of a 50-percent stake, Semashko said.

Source:

http://www.rbcnews.com/free/20080801174412.shtml

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