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Chairman of the Board and CEO of “Rosneft” Igor Sechin will continue to lead the company — the government has decided to extend the contract with him, reports the newspaper “Vedomosti” with reference to the sources.

According to them, the relevant Directive was signed a few days ago. Two sources of Kommersant confirmed that the contract may be extended. Press-Secretary of “Rosneft” Mikhail Leontyev refused to comment. 12 may, “Kommersant” has sent the corresponding request to the government, but the answer yet has not received. The term of the new contract with Mr Sechin — five years, as the incumbent, said the source “Vedomosti”. Now the decision to the Board of Directors “Rosneft” which meeting may take place on 14 or 15 may, the newspaper writes.

Igor Sechin became the head of “Rosneft” in may 2012, prior to that, he for several years was Chairman of the Board of Directors of the company. The term of his first contract was for three years. 24 may 2015 the contract was extended for five years.

on 12 may, the head of Rosneft at a meeting with President Vladimir Putin called the measures of state support for the maintenance of optimum volume of investments of the company. He said that given the situation on the global oil market in the current year the investment program “Rosneft” will be optimized for 200 billion rubles In the open part of the conversation nothing was said about prolongation of the contract of Mr Sechin.