Russia’s Rosneft to sell local oil assets to Chechnya

The Moscow Times cites a report in the Kommersant newspaper stating Russian oil giant Rosneft is preparing to sell its assets in Chechnya, as well as a controlling stake in its subsidiary in the region, to the Chechen government. Rosneft’s assets in Chechnya were recently valued at $215. Chechen leader Ramzan Kadyrov has for years lobbied Putin for greater control of Chechnya’s oil assets.


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