Skip to content
Subscriber Only

Russian Energy Minister Novak to Become Deputy Premier

  • Novak is said to retain responsibility for OPEC+ relationship
  • RusHydro CEO Shulginov proposed as new energy minister
Updated on

Russian Energy Minister Alexander Novak is set to be promoted to deputy prime minister amid a government reshuffle, while retaining his role as the oil-rich nation’s OPEC+ negotiator.

Prime Minister Mikhail Mishustin said Monday on state television that he asked the State Duma, the lower house of parliament controlled by the ruling party, to approve Novak as a new deputy. Nikolay Shulginov, the chief executive officer at state-controlled utility RusHydro PJSC, was proposed as the new energy minister.