Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Shafranik Lands Top Job With Tyumen Oil

Former energy minister Yury Shafranik, left out of Prime Minister Viktor Chernomyrdin's new cabinet earlier this month, didn't stay unemployed for long.

Shafranik has been appointed chairman of the board of Russian oil company Tyumen Oil, Itar-Tass said Monday.

Tyumen is one of a dozen vertically integrated oil companies set up in Russia over the last few years. Its main operating company is Nizhnevartovskneftegaz.

Shafranik was replaced as energy minister by Pyotr Rodionov, a senior Gazprom executive. He is to become an adviser to Prime Minister Viktor Chernomyrdin on energy issues.

At Tyumen he takes the place of Nizhnevartovskneftegaz chief executive Viktor Pali.