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. Last Updated: 07/27/2016

Oil Firms Elect Boards

MOSCOW -- Tyumen Oil Co., or TNK, subsidiaries Samotlorneftegaz, or SNG, and Nizhnevartovsk Oil and Gas Production Co, or NGDP, held shareholders meetings in western Siberia on Monday, said a TNK statement from Wednesday.

Both affiliates have elected nine-member boards of directors. TNK first vice president Iosif Bakaleinik and just-appointed first vice president Sergei Brezitsky have been nominated as chairmen of the boards of SNG and NGDP producers respectively.

Both companies were spun off TNK producer Nizhnevartovskneftegaz as part of its restructuring program.