Russia's state property management agency is ready to sell off stakes in several major firms as part of a privatisation plan if President Vladimir Putin backs the idea, the agency's head, Olga Dergunova, told reporters on Nov. 5.
The agency is ready to sell stakes in oil giant Rosneft, hydropower company Rushydro, diamond producer Alrosa and airline Aeroflot, Dergunova said.
The government has recently recommended the agency speed up large asset sales irrespective of market conditions, she added.
Recommended Reading
Energy Transition in Motion (Week of Jan. 5, 2024)
2024-01-05 - Here is a look at some of this week’s renewable energy news, including a step forward for BP’s efforts to transform an old oil refinery into a biofuel facility.
RWE Offshore Wind CEO on Plans to Spend, Build Big in US
2024-01-10 - With plans to spend $22 billion in the U.S., RWE Offshore Wind Holdings’ CEO Sam Eaton discusses the German multinational’s plans, challenges and offshore wind’s value proposition.
Tapping into Synergies, NOV Looks to Grow Solar
2024-01-10 - NOV, a service company known for its prowess in the oil patch, is moving deeper into renewables with a focus on solar trackers and rack systems.
Occidental: Parts of DAC Ready to Scale
2024-01-10 - A major challenge facing Occidental and other direct air capture ventures is whether the process can be made cost-competitive.
TotalEnergies to Develop Three Offshore Wind Projects
2024-01-23 - TotalEnergies is developing large scale projects in Sweden, Finland and Denmark, with 405 MW of offshore wind power under development in Denmark.