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CEO of Rosneft says BP still remains major stakeholder -Breaking


© Reuters. FILEPHOTO: Igor Sechin, chief executive of Rosneft oil producer attends a meeting at Novo-Ogaryovo State Residence outside Moscow Russia on February 15, 2021. Sputnik/Mikhail Klimentyev/Kremlin via REUTERS

(Reuters) – Rosneft’s chief Igor Sechin stated on Saturday that BP (NYSE 🙂 remains the largest shareholder despite it having announced its withdrawal in February following Moscow’s invasion of Ukraine.

Sechin, a long-standing ally and friend of President Vladimir Putin spoke at the St Petersburg International Economic Forum. He said that BP has still held stakes to large-scale Rosneft project including Taas Yuriakh Kharampurneftegaz, Yermak Neftegaz, and Kharampurneftegaz.

He stated that dividends earned to BP would go to special accounts but didn’t elaborate.