Russian economic officials mulling the privatization of some parts of the state oil sector in a potential move to shore up federal revenue. Photo by sakhorn/Shutterstock MOSCOW, March 1 (UPI) — Russian investment consultants are being asked about the possible terms of privatization of parts of the state-controlled oil sector, a minister said Tuesday. Russian Economic Development Minister Alexei Ulyukayev said the potential exists to unload the entire government share in state oil company Bashneft. “Such a possibility exists,” he was quoted by state news agency Tass as saying. “Now we will select an investment consultant who will consult us on the market situation and possibilities for the sale.” Russia’s private oil company Lukoil has emerged as a possible investor in a future Bashneft. The Russian news agency reports Lukoil President Vagit Alekperov may be eyeing as much as half of the company. The Kremlin has been reviewing privatization […]