Rosneft, Russia’s top oil producer, should submit proposals for its privatization by Dec. 1, Kremlin economic aide Andrey Belousov said on Tuesday, keeping the government on track to receive funds from the sale by the end of the year. The Russian government is preparing to reduce its stake in state-controlled Rosneft by selling 19.5 percent of state energy holding Rosneftegaz’s 69.5 percent stake in Rosneft in a deal that should be completed by Dec. 5. “I have sent a letter to Rosneft management … for them to draw up proposals on privatization options by Dec. 1,” Belousov, who also chairs Rosneft’s board of directors, told reporters. Russian officials have said an option whereby Rosneft buys back the 19.5 […]