RF Government signs programme covering sale of Sovcomflot’s 25-pct stake before 2016

RF Government has signed a Decree on approval of the forecast plan (programme) for privatization of the federal property in 2014 - 2016 covering the sale of 25% + 1 share in Sovcomflot, the Government’s  statement says.

Sovcomflot Group is Russia’s largest shipping company and one of the world’s leading shipping companies specializing in the maritime hydrocarbons transportation and supporting continental shelf exploration and oil & gas production. The SCF fleet includes 156 vessels with a combined deadweight of around 12 million tonnes. One third of them have a high ice class. The Group specialises in hydrocarbon transportation from regions with challenging ice conditions. Sovcomflot supports large-scale offshore energy projects in Russia and the rest of the world, including: Sakhalin-I, Sakhalin-II, Varandey, Prirazlomnoye, Tangguh, Escobar, and Peregrino.
The company is registered in Saint-Petersburg and has representative offices in Moscow, Novorossiysk, Murmansk, Vladivostok, London, Limassol, Madrid, Singapore and Dubai.