Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Rosneft Rises Most in 2 Weeks as Medvedev Names Sechin Chief

Don't Miss Out —
Follow us on:

May 22 (Bloomberg) -- OAO Rosneft rose the most in almost two weeks after Russian Prime Minister Dmitry Medvedev said he ordered Rosneft’s board to appoint Igor Sechin as chief executive officer.

Rosneft jumped 1.7 percent to 198.34 rubles by the close in Moscow, the biggest gain since May 11. The 30-stock Micex Index rose 0.2 percent to 1,301.09. Rosneft has the fourth-largest weighting on the index at 7 percent.

Rosneft will boost output and payments to the budget and make its offshore projects a priority, Sechin said.

To contact the reporter on this story: Ksenia Galouchko in Moscow at kgalouchko1@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.