Gazprom completes Rosneft merger, appoints head of new company

Sergei Bogdanchikov will retain his job as chief executive of Gazpromneft, the new company formed yesterday by the merger of Russian gas monopoly Gazprom and state oil company Rosneft. He was previously head of Rosneft.

The Russian government is handing Rosneft over to Gazprom as payment to raise its current 39.3% holding to a controlling stake in the monopoly. A controlling state stake in Gazprom is a prerequisite for opening up trade in its shares to foreigners.

Gazprom chief executive Aleksey Miller has suggested Gazpromneft will also absorb another state oil company, Zarubezhneft. And the establishing of Gazpromneft may also indicate a move by Gazprom towards acquiring Yuganskneftegaz, a subsidiary of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here