"Rosneft is interested in consolidating its position in the Russian oil market by buying Bashneft, sources close to the oil producer's main shareholder AFK Sistema told Vedomosti.
One source said Rosneft had already performed an assessment of Bashneft with a view to buying, while another source said the state oil company had not contacted Sistema about the purchase, the newspaper reported Tuesday.
Rumors about Rosneft's interest in buying Bashneft were confirmed by a high-ranking source in the Economic Development Ministry, but he said the issue had not been discussed at the board level, nor had the company applied for bank loans to carry out the purchase."
'via Blog this'
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