Rosneft appoints new CEO for Bashneft

MOSCOW. Sept 17 (Interfax) - Rosneft has appointed Timofei Streltsov as CEO of Bashneft in place of Vladimir Chernov as of September 16, according to the Unified State Register of Legal Entities (USRLE).

Prior to his new role at Bashneft, Streltsov acted as first deputy development manager for Rosneft's oil and gas offshore business and was previously head of Sakhalinmorneftegaz Shelf, which was responsible for overseeing the Sakhalin-1 project.

Chernov had been head of Bashneft since June 2024, before which he was first deputy CEO of Rosneft. Since 2020, he has also acted as CEO of Vostok Oil and its subsidiary, Vankorneft, responsible for the Vankorskoye project.

Bashneft's controlling shareholder is PJSC Rosneft Oil Company, which holds a 57.66% share. A further 4.41% is held by Bashneft Invest LLC and 25.000001% by the Republic of Bashkortostan.