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October 23, 2012 10:19
Rosneft's planned BP takeover not against spirit of privatization - minister
MOSCOW. Oct 23 (Interfax) - Rosneft's (RTS: ROSN) planned takeover of BP does not run against the spirit of privatization, and is designed to make Russian companies more competitive in the world market, Russian Economic Development Minister Andrei Belousov told Interfax, commenting on whether the proposed deal conflicts with the government's privatization plans.
"I think this absolutely does not conflict with the spirit of privatization. This is a policy of boosting the capitalization and power of Russian companies," he said.
The deal, he said, is a "very serious breakthrough" as Rosneft will become "one of the world's biggest companies by reserves and oil production," Belousov said.
"I also see no threats to competition. Given that Rosneft is competing in the world market with other major companies this movement can only be welcomed," he said.
"I'd like to congratulate my colleagues on the deal," he said.
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(Our editorial staff can be reached at eng.editors@interfax.ru)
/Interfax/
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UN Secretary General Ban Ki-moon has given an interview to Interfax ahead of his visit to Russia on May 16-19 in which he speaks about the goals of his visit, pressing tasks that the UN face, the organization‘s reform, as well as topical issues on the international agenda, including situation in Syria and the Middle East settlement.
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Deputy NATO Secretary General Alexander Vershbow, who is visiting Moscow for an informal conference of former U.S. ambassadors to Russia and Russian ambassador to the United States, has given an interview to Interfax in which he speaks about NATO-Russia cooperation, as well as pressing issues on the international agenda, such as the missile defense issue, North Korea, Syria and Afghanistan.
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