19 Apr 2010 11:30

Shtokman Development chief Yury Komarov to step down

MOSCOW. April 19 (Interfax) - Yury Komarov is stepping down from his post as CEO of Shtokman Development AG, the joint venture between Gazprom , French Total and Norwegian Statoil that is the operator for the first phase of the project to develop the Shtokman field.

"Komarov is currently on vacation and does not plan to return," the company told Interfax.

However, a source familiar with the situation said: "Komarov's contract expired on April 15. They simply forgot to extend it. The shareholders are currently resolving the issue."

Komarov was a deputy CEO of Gazprom until April 2005. Six months later he was named to head Sevmorneftegaz, which holds the license to the Shtokman and Prirazlomnoye fields. He was appointed to the top job at Shtokman Development in 2008.