Sechin Hawks Rosneft in New York
- The Moscow Times
- Apr. 29 2013 00:00
- Last edited 20:18
Rosneft president Igor Sechin has held private meetings with prominent investors in New York as he wrapped up a post-TNK-BP roadshow for the state oil major.
The trip, which included a stop in London on Tuesday, was Sechin's first public presentation of Rosneft since the company acquired 100 percent of TNK-BP in a $55 billion deal earlier this year. The TNK-BP takeover makes Rosneft the largest publicly listed oil company by production in the world.
Sechin met in New York on Thursday with representatives of large investment funds such as Wellington Management Company and Mason Capital Management, Interfax reported.
Boston-based Wellington Management Company is one of the world's largest private, independent investment management companies with $748 billion in client assets under management. It also holds a significant stake in U.S. oil major ExxonMobil, which recently has partnered with Rosneft on multibillion-dollar projects.
Mason Capital Management is a New York and London hedge fund with about $8 billion in assets under management.
Accompanying Sechin for the presentations, titled "Investors Day," was new Rosneft vice president Zeljko Runje, an oil industry veteran and Alaska native whom Sechin appointed to oversee Rosneft's offshore projects last October.