
Putin is imputed to launch active nationalization of the oil and gas sector. In reality we see a reverse process – assets are being privatized or prepared for privatization.
Thus, the task to nationalize the sector seems to be not on the agenda any longer. Nationalization was an interim transit phase in the process of changing owners in the oil and gas industry.
At first, assets were taken by the state and now they are to be transferred to other private owners. However, this process is not very fast.
Nowadays state companies receive a lot of privileges and licenses, which is like taking assets from one state pocket and putting them into another. However, there are private shareholders practically in all state companies and their stakes may rise. This is another way to privatize the industry.
In a new report of the National Energy Security Fund you will find detailed answers to the following questions: