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By Vladimir Soldatkin
MOSCOW, July 11 (Reuters) - Russia's largest oil producerRosneft may consider taking part in the privatisationof smaller rival Bashneft once the government definesthe rules of the sale, a Rosneft spokesman told Reuters onMonday.
"There is a question of conditions - when the conditions aredefined. And once the conditions foresee equal treatment of allthe market participants... we will consider it," said thespokesman, Mikhail Leontiev.
Leontiev also said that Rosneft "has experience ofintegrating large assets".
Rosneft became the world's largest listed oil producer byoutput in 2013 when it acquired Anglo-Russian oil company TNK-BPfor $55 billion.
The government plans to sell 50 percent plus one share inBashneft as part of a wider privatisation of state assets.
Earlier on Monday, Russian First Deputy Prime Minister IgorShuvalov said that Rosneft could not be ruled out from the listof contenders for Bashneft.
Russia's No.2 oil producer Lukoil has already saidit wanted to buy all of Bashneft, whose market capitalisationstands at 567.8 billion roubles ($8.9 billion).
The privatisation is designed to bring in extra revenue toplug holes in the state budget. However, if state-owned Rosneftis the successful buyer, that would mean the state isessentially transferring money from one pocket to another.
In addition, Rosneft itself is slated for a partialprivatisation, with 19.5 percent of the company on offer.
Rosneft's Leontiev said the firm in this case should not beviewed as a state entity.
"This is a publicly-listed company, which is operating in acompetitive environment," he said.
Russia will press on with major privatisations this year,senior government officials said on Monday, after the sale of10.9 percent stake in diamond company Alrosa raised52.2 billion roubles ($813 million).
($1 = 64.0637 roubles) (Reporting by Vladimir Soldatkin; Editing by Christian Lowe)