Russian OPEC Coordinator Marshavin Leaving Energy Ministry

By Vladimir Soldatkin
Friday, December 21, 2018

Roman Marshavin, one of the Russian Energy Ministry officials who orchestrated the 2016 landmark deal with OPEC, is leaving his job, four government sources told Reuters on Friday.

Alexei Gospodarev from the ministry of industry and trade may take over as head of the Department for International Cooperation, two of the sources added.

The Energy Ministry did not immediately respond a request for comment, while Marshavin could not be contacted.

Marshavin was part of the team, headed by Energy Minister Alexander Novak, which brokered the deal at the end of 2016 with the Organization of the Petroleum Exporting Countries, on oil production cuts. He had lead the department since June 2016

The deal helped the global oil market to rebalance, while oil prices recovered.

Russian President Vladimir Putin last year honoured Marshavin with Russia's Order of Friendship. Two of the sources said Marshavin may be taking up a role at the World Bank.

(Reporting by Vladimir Soldatkin and Olesya Astakhova)

Categories: Government Update Russia

Related Stories

Saipem Cuts Earnings Outlook as Middle East Costs Rise

Serica Energy Agrees $194M Pharos Energy Acquisition

Eni-Petronas JV Starts Indonesia-Bound FPSO Construction

Chevron Enlists Velesto’s Jack-Up Rig for Drilling Job off Malaysia

ABL Gets Papua New Guinea FSO Job

Searah Malaysia Starts Upstream Oil and Gas Operations

Oil Rises 2% as Middle East Hostilities Escalate

Unity Enters Asia-Pacific Market with Malaysia P&A Work

Velesto Terminates NAGA 3 Jack-Up Rig Sale to Indonesian Firm

Hormuz Traffic Falls to Five-Week Low as Tensions Escalate

Current News

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

Subsea7 Lands ‘Sizeable’ Contract for Work Offshore Brunei

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

Borr Drilling's Mexican JV Expands Fleet with Five Jack-Ups

Keppel Launches $2.9B Program to Monetize Legacy Offshore Drilling Rigs

Saipem Cuts Earnings Outlook as Middle East Costs Rise

Serica Energy Agrees $194M Pharos Energy Acquisition

Oil Eases After Topping $100, Still Set for Weekly Rise

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com