Advertisement
UK markets close in 7 hours 47 minutes
  • FTSE 100

    8,122.71
    +43.85 (+0.54%)
     
  • FTSE 250

    19,720.80
    +118.82 (+0.61%)
     
  • AIM

    755.49
    +2.37 (+0.31%)
     
  • GBP/EUR

    1.1655
    -0.0001 (-0.01%)
     
  • GBP/USD

    1.2508
    -0.0003 (-0.03%)
     
  • Bitcoin GBP

    51,421.02
    +236.95 (+0.46%)
     
  • CMC Crypto 200

    1,389.46
    -7.07 (-0.51%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CRUDE OIL

    84.03
    +0.46 (+0.55%)
     
  • GOLD FUTURES

    2,355.20
    +12.70 (+0.54%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,640.56
    +356.02 (+2.06%)
     
  • DAX

    18,012.63
    +95.35 (+0.53%)
     
  • CAC 40

    8,037.08
    +20.43 (+0.25%)
     

Sechin to stay at Rosneft's helm for 5 more years - Vedomosti

MOSCOW, May 13 (Reuters) - The Russian government has extended a contract for Igor Sechin, a close ally of President Vladimir Putin, to stay as the chief executive officer of giant oil producer Rosneft for five more years, Vedomosti daily reported on Wednesday.

The daily, citing three people familiar with the situation, said the government signed the order to extend Sechin's contract a few days ago.

It said that a "federal official" has confirmed that the decision was approved by the government.

Sechin, known for his criticism of the Organization of the Petroleum Exporting Countries, has been the CEO of the company since 2012. His current 5-year contract is expiring this month.

ADVERTISEMENT

Rosneft declined immediate comment.

The newspaper said the board of Rosneft, which is 19.75%-owned by BP, is due to convene on Thursday or Friday to approve the decision. (Reporting by Vladimir Soldatkin and Darya Korsunskaya; editing by Emelia Sithole-Matarise)