Rosneft Re-appoints Sechin as CEO
Russian energy giant Rosneft on Friday re-appointed Chief Executive Igor Sechin, an ally of President Vladimir Putin, for another five years.Sechin, who turns 60 in September, turned the company into one of the world's top oil players and earned the accolade of oil tsar.He starts his new five-year term at a critical time as the coronavirus impact has hammered oil prices and a supply output pact is limiting Russia's ability to produce the fuel that is central to its economy.Sechin rose from being Putin's aide in 1990s to becoming one of Russia's most influential players after he started
Rosneft Revamps Organizational Structure
On May 25, Chairman of Rosneft Management Board Igor Sechin made a number of appointments in order to enhance the efficiency of the Company’s management structure. These administrative decisions were taken in order to raise requirements to the Company’s management for strengthening their responsibility, efficiency and professional competence. It was decided to turn Rosneft’s retail business into separate legal entity RN-Regional-Sales which will report to the Vice President for retail business and domestic market development Avril Conroy. Svetlana Ray will take charge of the
Golar, Rosneft Sign FLNG MoU
Rosneft and Golar LNG Limited signed a Memorandum of Understanding that foresees cooperation between the companies in the area of liquefaction and transportation of natural gas. Within the ambit of the memorandum the parties will analyze the possibility of employing Golar’s advanced FLNG (Floating Liquefaction of Natural Gas) commercialization technologies at Rosneft projects, potentially opening new markets to Rosneft, one of the leading hydrocarbon producers in the world. While a potential opportunity to further develop its FLNG business for Golar, implementation of the memorandum
