Renewed weakness in global oil markets and tensions among potential buyers upend plans to offer a stake in regional oil producer Bashneft
Thu, Aug 18, 2016 - 5:50 AM
Bashneft, based in Russia's Bashkortostan region north of Kazakhstan, pumps about 425,000 barrels a day, or 4 per cent of the county's output. It was nationalised in 2014 .
RUSSIA is delaying what would have been its biggest asset sale in a decade after renewed weakness in global oil markets and tensions among potential buyers upended plans to offer a stake in Bashneft PJSC.
"The prime minister made the decision, which was approved by the...