September 30, 2016 / 1:42 PM / in a year

Russian Energy Ministry not against Transneft selling stake in Novorossiysk port

SOCHI, Russia, Sept 30 (Reuters) - Russia’s Energy Ministry is not against oil pipeline operator Transneft selling its stake in the Novorossiysk Commercial Sea Port , the ministry’s head said on Friday.

Alexander Novak told journalists on the sidelines of a business forum in the Russian Black Sea resort of Sochi that the ministry had received such a request from Transneft.

“We have reviewed it and have even stated our position that we do not mind if Transneft moves forward with it,” Novak said.

Reporting by Denis Pinchuk; Writing by Lidia Kelly; Writing by Dmitry Solovyov

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