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Tag Archives: Igor Sechin

BP names former UK MI6 spy chief as director

LONDON – BP has appointed Britain’s former MI6 spy chief and veteran diplomat John Sawers as a non-executive board member in a development highlighting long running links between the British establishment and the oil major. The appointment comes only weeks after the cabinet issued a warning saying it would oppose any potential takeover of BP as it wants the company ...

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Russia’s Rosneft discloses Sechin’s basic salary for first time

MOSCOW – The head of Russia’s Rosneft earns at least 15-20 million roubles ($295,000-$390,000) a month, the oil company said on Tuesday, disclosing Igor Sechin’s basic salary after President Vladimir Putin encouraged greater wage transparency. In a document on its website, Rosneft said its top executives receive additional payments besides the basic salary, including for working on the management board ...

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Russian energy minister to discuss cooperation with Exxon CEO

MOSCOW – Russian Energy Minister Alexander Novak plans to discuss energy cooperation with the CEO of U.S. oil and gas major ExxonMobil, Rex Tillerson, at their meeting later on Wednesday. Novak also told reporters both planned to discuss the Exxon-led Sakhalin-1 project, which produces over 100,000 barrels of oil per day. The Kommersant daily reported on Wednesday that Exxon had ...

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Russia considers Rosneft request for help from state fund

Darya Korsunskaya | Reuters MOSCOW – Sanctions-hit oil company Rosneft <ROSN.MM> will be able to apply for money from a state wealth fund, Deputy Prime Minister Arkady Dvorkovich said on Tuesday, adding that the government had “on the whole” approved the company’s investment program. Rosneft’s access to Western money has been restricted by the sanctions imposed in response to Moscow’s ...

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Russian oil exec defiant in face of sanctions

Simferopol, Ukraine

MOSCOW (AP) — The chief executive of Russia’s largest oil company and a close ally of President Vladimir Putin has spoken defiantly of possible sanctions by Western powers against him, threatening to move business elsewhere. The United States and the European Union announced Monday asset freezes and visa bans against Russian and Ukrainian officials involved in the Crimean crisis. They ...

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