- Russia: the Russian Government intends selling this year close to 20% of the state-owned oil group SLAVNEFT and close to 6% of LOUKOIL, Russia's foremost oil producer in which the State still has a minority share. LOUKOIL should have been privatised last year but the situation on the financial markets and the fall in the price of oil led to the operation being postponed. The State hopes to gain minimum of between $300 and 350 million for the SLAVNEFT shares and at least $12 or 13 per...