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

. Last Updated: 07/27/2016

Kudryashov Joining Rosneft?

Sergei Kudryashov, deputy chief executive of Zarubezhneft and a former deputy energy minister, may replace Eduard Khudainatov as vice president of Rosneft, Kommersant reported Wednesday.

The newspaper, citing sources close to Rosneft, reported that Khudainatov, who was the oil major's president until Igor Sechin, a former deputy prime minister, assumed the post in May, will leave at the end of this month.

Sources familiar with the matter had said Khudainatov was expected to leave Rosneft following Sechin's appointment. Kudryashov had previously worked for Rosneft as a first vice president when Sergei Bogdanchikov was chief executive of the oil company.