Igor Sechin, head of Russia’s largest oil producer Rosneft and the country’s most influential energy executive, said in an interview that he expects the fight for global energy market share to intensify. In the interview with Il Sole 24 published on Wednesday, Sechin questioned the rationale of Russia’s plans to sell almost 20 percent of Rosneft as part of a wider privatization scheme, saying the company’s share price did not match its fundamentals. “The main challenge for Russia’s energy sector is a sharp increase in competition on global energy markets. In future, a tenacious competition is expected for keeping a share of traditional markets and to increase the share of new energy markets,” Sechin was quoted as saying. Russia has been muscling in on Asian markets, where Saudi Arabia was […]