Sechin May Join Rosneftegaz in Energy Reshuffle

Acting Vice-Premier Igor Sechin who was in charge of Russia’s fuel and energy sector in the previous government may be elected to the board of directors of state-controlled Rosneftegaz, according to a resolution posted on the government’s website on Thursday.

The resolution proposes a list of candidates for the board of Rosneftegaz, which manages the Russian government’s oil and gas assets.

Sechin may replace acting head of the Russian State Property Management Agency Gleb Nikitin, who was excluded from the list.

Rosneftegaz holds 75.16 percent of the shares of state-controlled oil major Rosneft and 10.74 percent of energy giant Gazprom.

The move could mean with the return of Vladimir Putin to the Kremlin, the presidential administration may be revising the initiative by former President Dmitry Medvedev to remove government officials from the boards of state-controlled companies, Institute of National Energy director Sergei Pravosudov told RIA Novosti.

“In this way or another, Sechin will, all the same, oversee the fuel and energy complex,” Pravosudov said.


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