Russia, China round up joint naval exercise in Baltic SeaMilitary & Defense July 27, 21:27
Chechen leader says he is ready to quit his job to protect al-Aqsa Mosque in JerusalemSociety & Culture July 27, 21:07
Russian tennis star Sharapova granted wildcard for WTA tournament in CincinnatiSport July 27, 20:11
Russia invites Baltic partners to attend naval review in St. PetersburgMilitary & Defense July 27, 19:38
Russia’s new ambassador to Turkey presents his credentials to ErdoganRussian Politics & Diplomacy July 27, 19:03
Deadly wildfires in southern EuropeWorld July 27, 18:20
Russia interested in cooperation with Finland on Arctic environmentBusiness & Economy July 27, 18:14
New US anti-Russia sanctions way to pursue its economic interests with cynicism — PutinRussian Politics & Diplomacy July 27, 18:11
Moscow surgeons separate newborn Siamese twins conjoined at head in 30 minutesSociety & Culture July 27, 17:57
Moscow, December 5 (Itar-Tass) — The ex-mayor of Moscow Yuri Luzhkov will continue working as board of directors member of Open Joint Venture Joint Petrochemical Company (ONK), L.F.K. Systems' board of directors chairman and its owner Vladimir Yevtushenkov told a briefing here on Wednesday.
A Joint Petrochemical Company was set up in 2011 as a joint venture of Bashneft (affiliate to L.F.K.) and an Austrian Petrochemical Holding belonging to the former SIBUR owner, businessman Yakov Goldovsky. The stakes of the JV shareholders equaled 74.99 percent and 25.01 percent respectively.
According to Yevtushenkov, the chairman’s post of the board of directors was never offered to Luzhkov.
In January-February 2013 the Joint Petrochemical Company will adopt the strategy of its further development.
So far the assets of Goldovsky’s companies in Nizhny Novgorod (Korund, Korund Active, Korund Tsian) as well as 90.70 percent of shares of Ufaorgsyntez (a subsidiary of Bashneft) have been passed over to the ONK.