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Rosneft may appoint a BP manager as its VP -- paper

October 05, 2011, 6:42 UTC+3
A Rosneft executive confirmed in an interview to the newspaper that Larry Bates' candidacy "is under consideration"
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MOSCOW, October 5 (Itar-Tass) — Several managers who are working with the British oil and gas corporation BP may change their place of work and join the Rosneft oil company, the newspaper Kommersant reported on Wednesday.

It has become known to the newspaper that Larry Bates, who earlier worked at the Moscow office of the BP, where he was in charge of a failed deal with Rosneft, may be appointed as a new vice-president in charge of Rosneft strategic development.

The paper's interlocutors say he may be officially appointed to the position towards the end of this year. A Rosneft executive confirmed in an interview to the newspaper that Larry Bates' candidacy "is under consideration" but he did not specify Mr Bates' future capacity.

The Kommersant points out that work is under way in Rosneft to form a new managerial structure, in which up to 20 new vice-presidents may appear in the Company. A Rosneft official confirmed that "the Company is looking for highly qualified specialists in the field of shelf (exploration) projects, as well as those that are (deemed) essential for its international development". A source, who is familiar with the current reorganization processes, said BP managers are also under consideration for the positions of a vice-president to be in charge of the petroleum processing segment and an adviser to Rosneft President Eduard Khudainatov.

The opinion of Kommersant's interlocutor is that appointments of foreign specialists to positions in Rosneft are a "good sign". "Western experience enables Rosneft to improve communication with potential partners," the interlocutor said.

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