Alexander Novak has been elected Chairman of Transneft BoD

Minister of Energy Alexander Novak has been elected Chairman of Transneft BoD, the Company says.

The decision was made at the BoD meeting on August 31, 2015.

Transneft is Russian oil transporting state monopoly (75% of voting shares are controlled by the state) and the largest pipeline company in the world holding 48,708 km of trunk pipelines.

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