Rosneft president Igor Sechin has held private meetings with prominent investors in New York as he wrapped up a post-TNK-BP roadshow for the state oil major.
The trip, which included a stop in London on Tuesday, was Sechin's first public presentation of Rosneft since the company acquired 100 percent of TNK-BP in a $55 billion deal earlier this year. The TNK-BP takeover makes Rosneft the largest publicly listed oil company by production in the world.
Sechin met in New York on Thursday with representatives of large investment funds such as Wellington Management Company and Mason Capital Management, Interfax reported.
Boston-based Wellington Management Company is one of the world's largest private, independent investment management companies with $748 billion in client assets under management. It also holds a significant stake in U.S. oil major ExxonMobil, which recently has partnered with Rosneft on multibillion-dollar projects.
Mason Capital Management is a New York and London hedge fund with about $8 billion in assets under management.
Accompanying Sechin for the presentations, titled "Investors Day," was new Rosneft vice president Zeljko Runje, an oil industry veteran and Alaska native whom Sechin appointed to oversee Rosneft's offshore projects last October.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.