Serbia: Gazpromneft officially takes over Serbian oil industry
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Wednesday, 11 February 2009 |
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An adviser to Gazpromneft's general director, Dmitriy Malishev, has
been elected chairman of the managing committee at the constitutive
assembly of shareholders of Serbian Oil Industry (NIS), Serbian Energy
Minister Petar Skundric told a news conference this week.
By constituting the NIS assembly of shareholders, Gazpromneft officially took over 51 per cent of NIS. Reported by local media, Vojvodina, Gazpromneft vice-president Kyrill Kravchenko was appointed the NIS general director.
Serbia's fifth representative in the NIS managing committee will be known in five to seven days, the Serbian energy minister, who was elected the chairman of the assembly of shareholders, said. Skundric added that the Russian representative in the NIS assembly of shareholders was Aleksandr Dyukov, Gazpromneft's general director.
Russian Gazpromneft, a part of the Russian state-owned Gazprom Company, on 2 February this year paid €400m to Serbia for 51 per cent of NIS's shares. According to the agreement on the purchase, the buyer is obliged to invest €547m in the modernization of this oil company by 2012. In Serbia, NIS alone has the right to produce oil derivatives and it also owns two refineries and over 500 petrol retail network.
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