Russian Deputy Energy Minister Pavel Fedorov to Leave Job

Deputy Energy Minister Pavel Fedorov resigned after a year in the job during which he helped change taxes for Russia’s oil and gas industry, the government said.

The departure was planned following the completion of proposals on incentives for the development of Russia’s offshore, hard-to-recover resources, East Siberian oil and gas and refining modernization, Energy Minister Alexander Novak said in an e-mailed statement. Prime Minister Dmitry Medvedev signed Fedorov’s resignation letter yesterday, he said.

Fedorov, who joined the ministry in March, only planned to work in the government for one year, according to the an unidentified official. Fedorov declined to comment when contacted today by Bloomberg.

Fedorov worked as first vice president at state-run OAO Rosneft, Russia’s biggest oil producer, before joining the government. Prior to that he worked at Morgan Stanley.

To contact the reporter on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

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