12 Oct 2009 13:56

Leonid Dyachenko returns temporarily to Urals Energy as general director

MOSCOW. Oct 12 (Interfax) - One of the founders of Urals Energy, Leonid Dyachenko, has temporarily returned to the position of general director and board chairman at the oil company.

Ural Energy's previous CEO, Vyacheslav Ivanov, who replaced Dyachenko less than half a year ago, left the company on October 9, Urals said in a statement. The company did no provide reasons for the personnel change.

The company also said that its hopes to reach an agreement soon with Sberbank regarding the remaining portion of a $500 million loan.

It was earlier reported that Urals Energy is transferring its oil assets to Sberbank in order to write off its loans. Urals has also sold other assets to the international investment group BSG. As a result, the company no longer holds any hydrocarbon reserves and announced it would be reviewing in its development strategy.