The media learned about the proposal to re-elect Belousov to the Board of Directors of «Rosneft»

© RIA Novosti / Alexei Codecoverage in fotoballoon of the President of the Russian Federation Andrey Belousov. Archival photoThe media learned about the proposal to re-elect Belousov to the Board of Directors of «Rosneft»© RIA Novosti / Alexei Codiscovered the image Bank

The government invited representatives of Russia’s interests – Directors of «Rosneft» to re-elect the presidential aide Andrei Belousov Chairman of the Board of Directors of the company, writes the newspaper «Vedomosti» with reference to the draft directives and Federal officials.

The project is coordinated the Ministry of economic development and the Ministry of energy. The MAYOR has predstavila it to the government, refers to the newspaper the representative office.

The annual meeting of Rosneft shareholders will be held on 22 June in Sochi, it will elect a new Board and its Chairman. This year on nine places in Board of claim 11. This is the CEO of «Rosneft» Igor Sechin, Belousov, CEO of Gazprombank Andrey Akimov, Russian energy Minister Alexander Novak and three independent Directors: Executive Director 2 Nord Stream AG Matthias Warnig, a former top Manager of ExxonMobil Donald Humphreys, Professor of the Higher school of Economics Oleg Vyugin. They put forward the «Rosneftegaz» (50% «Rosneft»). They all belong to the current Board.

Two other shareholder, British BP and a consortium of Oil QHG (a joint venture of Glencore and sovereign wealth Fund Qatar Qatar Investment Authority), which owns a 19.75% and 19.5%, respectively, nominated two representatives: the President of BP Robert Dudley, Director GQO Consultants Ltd Guillermo Quintero (both are included in the current Council), the chief Executive officer of Glencore Plc. Ivan Glasenberg, President research and development Qatar Foundation Faisal, Alsuwaidi.

Over the past three years the average turnout at the annual meeting of Rosneft fluctuated in the range of 89.7–92.9% of. Thus, to guarantee at least one seat on the Council must be at least 10.3 percent, says the newspaper. In the Board of Directors of «Rosneft» should be three independent Directors, so the «Rosneftegaz» can hold four people, BP and a consortium — one.

It is noted that for the election of Belousov need a majority of votes in the Council. However, in previous years the government had a majority in the Council, now of nine people for a Directive of the vote four. It is unknown whether BP and QHG Oil to offer their candidates to the post of Chairman of the Board of Directors.

The newspaper reminds that Belousov has headed the Board of Directors in 2015, when due to the crisis, the government has decided to tighten control over state-owned companies, by the advice of officials. A person close to the company explained to the newspaper that the 2017 election is, there is no need now to change the Chairman of the Board of Directors of «Rosneft».