Rosneftegaz to transfer all proceeds from Rosneft stake sale to budget, said Mr. Dvorkovich in Rome on October 6, 2016.
Russia's state holding Rosneftegaz will transfer 100 % of proceeds from the sale of a stake in oil producer Rosneft to the state budget, said Deputy Prime Minister Arkady Dvorkovich.
Tass cited Dvorkovich as saying that Rosneftegaz would spend 50 % of its net profit on dividend payouts.
Rosneftegaz is to sell a 19.5% stake in Rosneft.
Rosneftegaz is a Russian company which manages state assets in the oil and gas industry.
Rosneftegaz is the owner of 69,5 % shares of Rosneft, and 10,97 % shares of Gazprom. 100% of Rosneftegaz is state-owned.
