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Sibneft shakes up Slavneft. (News).(Brief Article)
Having effectively gained control over Slavneft, Sibneft is now reorganising the latter's subsidiaries ahead of the expected sale of a 19.68pc stake in the parent company later this year. The development has brought unexpected good news for Tyumen Oil (TNK), which appears to have stepped aside in the battle for Slavneft in order to make way for Sibneft.
As part of the reorganisation, long-time TNK the Viktor Paliy has been fired from the post of director-general of the Slavneft-Nizhnevartovsk production subsidiary. Paliy, a former director of leading TNK production subsidiary Nizhnevartovskneftegaz, mounted a long but ultimately unsuccessful campaign to wrest control …
