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. Last Updated: 07/27/2016

Sakhalin Oil Stake Sale

MOSCOW -- Russia will accept bids for a 19.6 percent stake in the Sakhalin-1 offshore oil project until March 15, Sergei Bogdanchikov, head of state oil company Rosneft, said Friday.

He told reporters on the fringe of a Fuel and Energy Ministry conference that some foreign companies as well as LUKoil and gas giant Gazprom had shown interest in the tender. He said 49 percent of the combined stake of 40 percent held by Rosneft and its Sakhalinmorneftegaz subsidiary would be tendered, but gave no other details.