icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
15 Oct, 2007 06:53

Russia's pipeline monopoly Transneft gets new president

Nikolay Tokarev has been named as the new president of Russia's pipeline monopoly. It's a return to familiar ground for Tokarev, who was vice-president of Transneft during the 1990s.

Tokarev takes up the position after seven years in charge of Zarubezhneft – a state owned oil company focusing on Russia's energy interests abroad.

Transneft's shares jumped nearly 2% after the news was announced.

The former head of Transneft, Semyon Vainshtock, left the company to head the state Olympic Corp, set up to manage the 2014 Sochi Winter Olympics.