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MOSCOW, June 20 (UPI) -- Moscow aims to hasten the privatization of oil company Rosneft, the chief economic adviser to the Russian president said.
Russian Deputy Prime Minister Igor Sechin in April resigned as board chairman of Russian oil company.
His move followed orders by Russian President Dmitry Medvedev to have state officials pull out of executive positions at major institutions in an effort to increase competition.
Arkady Dvorkovich, the chief economic adviser to the Russian president, told The Guardian newspaper in London that Moscow might speed up the privatization process of Rosneft.
"We want Rosneft to be a normal commercial public company," he told the newspaper. "The original government proposals were to start (share sales) in 2013 but maybe now it will be brought forward to 2012."
Dvorkovich added that Rosneft was interested in finding a potential British partner for work in the Russian arctic.
A proposed arctic deal with BP collapsed after a protest from Russia's joint venture with the British company. Shareholders in joint venture TNK-BP complained the deal violated terms of the shareholder agreement with BP.
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