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Russian oil company up for sale - again

Although investors will bite at the right price, Bashneft's sale - and many others around the country - will reinforce Russia's reputation in global markets for uncertainty

Russia's view of Bashneft has changed. President Putin in April removed Bashneft from a list of so-called strategically important companies, despite substantial proven oil reserves of 2.2 billion barrels. The move clears the way for the company's potential sale to overseas investors.


FOR sale in Russia this summer: one repossessed asset, well loved and maintained. Seller is motivated. Everything must go.

In this fire sale, the asset is Bashneft, the oil company once owned by Vladimir Yevtushenkov, who was prosecuted and put under house arrest. And the...