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Events

Dmitry Medvedev met with Viktor Vekselberg, member of TNK-BP's Board of Directors and chairman of the Supervisory Committee of the Renova Group Companies

October 3, 2008
15:50
The Kremlin, Moscow
None
None

Mr Vekselberg informed the President about one of Renova Group’s biggest infrastructure projects – the Akademichesky housing project near Yekaterinburg, which is being carried out on a public-private partnership basis.

Answering a question from the President, Mr Vekselberg also reported on a final resolution of the conflict over TNK-BP. He said a memorandum of understanding has been signed that sets out the basic principles for the company’s future development. An independent manager will head the company and independent directors will sit on the board of directors. The company’s main strategic priority, Mr Vekselberg said, is that the company is a Russian corporate citizen and carries out its activities in accordance above all with the interests of the country in which it is located.

The conflict at TNK-BP has not affected its activities, Mr Vekselberg said. The company plans to begin delivering oil from the Verkhnechonsk field in Irkutsk Region through the completed section of the Eastern Siberia-Pacific Ocean Pipeline in October.

See also

Beginning of the meeting with with Viktor Vekselberg, member of TNK-BP's Board of Directors and chairman of the Supervisory Committee of the Renova Group Companies
October 3, 2008

Publication status

Published in section: News

Publication date: October 3, 2008, 15:50

Direct link: en.kremlin.ru/d/1607

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Dmitry Medvedev met with Viktor Vekselberg, member of TNK-BP's Board of Directors and chairman of the Supervisory Committee of the Renova Group Companies

http://en.kremlin.ru/events/president/news/1607

Last updated at March 20, 2015, 18:02

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