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Tag: Igor Sechin

Igor Sechin: He Man or Nice Guy?

Apr 23, 2013 6:27pm by Isabel Gorst
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Compromise is often seen as a sign of weakness in Russia so it’s encouraging to see one of the country’s most powerful men giving ground in a high profile conflict over corporate governance. Six months after denying that Rosneft had any obligations to minority shareholders in TNK-BP’s listed unit, Igor Sechin, the chief executive of Russia’s state oil company, appears to be backing down. Continue reading »

Tags: , , , , Posted in Russia |

Rosneft: sell off plan announced, but don’t hold your breath

Apr 11, 2013 4:34pm by Courtney Weaver
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A big announcement from Russia’s economy ministry today: Russia may privatise an additional 19 per cent of state-owned Rosneft this year, in addition to the 5.7 per cent stake it sold to BP in March as part of the TNK-BP deal.

The key word in this, of course, is ‘may’. The Russian government has changed course on privatisation more than a few times already, and it is likely to encounter a fair amount of opposition on this particular move. Continue reading »

Tags: , , , Posted in Europe, Russia |

Rosneft looks east for new partners

Feb 19, 2013 12:40pm by Isabel Gorst
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Photo: Bloomberg

Rosneft teamed up with western oil majors to explore in the Russian Arctic last year and is now turning east in the search for more foreign partners. Igor Sechin, chief executive, will hold oil and gas talks in Japan on Tuesday on the final leg of a far eastern tour that has taken him to South Korea and China. Continue reading »

Tags: , , Posted in Europe, Russia |

Sechin woos Putin on Rosneft deal

Sep 20, 2012 6:45pm by Isabel Gorst
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So Rosneft is showing that it is serious about buying a stake in TNK-BP, the Anglo-Russian joint venture, by seeking to raise $15bn in financing.

But, as Igor Sechin, Rosneft chief executive, knows well, money alone won’t secure the deal. The final decision will rest not with Rosneft, BP, or BP’s Russian oligarch partners in TNK-BP, but with president Vladimir Putin. And while Putin is fully aware of the importance of money, much more is at stake in this deal – not least the balance of power in his administration between economic hawks and liberals. Continue reading »

Tags: , , , , , , Posted in Russia |

Russia: dispute over Sechin’s new job

Aug 15, 2012 6:52pm by Catherine Belton
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Deep divisions have emerged once again this week over Igor Sechin’s bid to remain front and centre of the Russian energy industry.  They offer more public evidence – as if any were needed – of the growing conflicts between the camps of president Vladimir Putin and prime minister Dmitry Medvedev. Continue reading »

Tags: , , , Posted in Europe, Russia |

Russian privatisation: Dvorkovich 1, Sechin 0

Jul 10, 2012 6:48pm by Courtney Weaver
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Moscow’s warring government factions went head-to-head on Tuesday on the future of Russian privatisation, with the young US educated Arkady Dvorkovich (left) facing off against Igor Sechin (right), a key Putin ally and former member of the special services.

So which side won? It depends on whom you ask. Continue reading »

Tags: , , , Posted in Europe, Russia |

Sechin: Rosneft’s new boss

May 22, 2012 7:05pm by Isabel Gorst
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Igor Sechin, Russia's deputy prime ministerRosneft’s share price leapt today after Igor Sechin (pictured), Russia’s oil tsar, was appointed head of the state oil company. It’s not difficult to see why. Sechin, a former KGB agent and trusted ally of Vladimir Putin, favors tight state control of the oil industry and has taken good care of Rosneft in the past.

Dmitry Medvedev signed an order appointing Sechin chief executive of Rosneft on Monday one day after the new Russian government was formed. Continue reading »

Tags: , , Posted in Europe, Russia |

BB: time to register

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Global equities macromap

Number of the day

-0.2% Fall in Polish retail sales in April, rather worse than 1.1 per cent growth expected.

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