Russia's privatization story has taken more twists and turns. The authorities have delayed the privatization of the country's fastest growing oil producer Bashneft, Lukoil has got cold feet over the potential purchase and Rosneft's interest has been muddied by the fact that it too is state owned. S&P Global Platts managing editor for oil news in Moscow Nadia Rodova and her Moscow-based colleague Nastassia Astrasheuskaya discuss the rationale for the delay and its implications for the market, now the authorities plan to sell a stake in Rosneft first.
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