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Asia Today ISSN 1861-4604 Thursday, October 19, 2017

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Former German chancellor Schroeder elected Rosneft board chairman

Russia-Germany gas pipeline Nord Stream AG

Share on Facebook September 29, 2017, Reporter : BNN/ TASS, Reader : 71

Ex-German Chancellor Schroeder Photo: TASS news

MOSCOW, September 26. /TASS/. The Russian government approved German ex-chancellor Gerhard Schroeder as a candidate to head Rosneft's Board of directors, a source familiar with the text of the document told TASS

Former German chancellor Gerhard Schröder was appointed on Friday chairman of Russian state-controlled oil producer Rosneft. The decision was reported earlier this week by TAAS, which cited sources saying a directive from the Russian government had approved the decision in mid-September.

Chair of the shareholder committee of the Russia-Germany gas pipeline Nord Stream AG, Schröder has been a staunch supporter of Putin’s state-led energy projects and opponent of sanctions against Russia.

“The addition of Schröder as an independent director will, without a doubt, support international business development,” Rosneft Chief Executive Officer Igor Sechin was quoted by Bloomberg as saying at the shareholders meeting in St Petersburg on Friday.

 

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