SRS Saras Raffinerie Sarde SPA

By Olga Razumovskaya

MOSCOW--Russian oil giant Rosneft (ROSN.RS) has offered to buy 7.29% of the share capital in Italian Saras S.p.A., Rosneft said in a statement Friday.

Rosneft is offering to buy the shares at the price of 1.37 euros per share, it said.

The offer is valid from May 27 to June 14 but could be extended in accordance with current regulations, Rosneft added.

Write to Olga Razumovskaya olga.razumovskaya@dowjones.com