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. Last Updated: 07/27/2016

Rosneft CEO Tipped for Duma Run

Sergei Bogdanchikov may quit his job as CEO of Rosneft if he is elected to the State Duma in December elections, Vedomosti reported Tuesday.

Bogdanchikov and his former deputy Nikolai Borisenko are listed as possible candidates to run for the pro-Kremlin United Russia party as representatives from Sakhalin, the newspaper reported, citing the party's web site.

United Russia will decide on a final list of candidates for the Duma by September, Vedomosti said. Born in 1957 in Bogdanovka in the Orenburg region, Bogdanchikov studied mining engineering and in 1981 moved to Sakhalin. Bogdanchikov started working on the island of Sakhalin as an oilman in the 1980s, whereas Borisenko was born there, the newspaper said.

Bogdanchikov's popularity may help raise United Russia's ratings in the region, Vedomosti said. Polish news magazine Wprost rated Bogdanchikov's wealth at $800 million in 2006, Vedomosti said.

Bloomberg, Reuters