29 Sep 2009 10:33

Sistema appoints Khoroshavtsev to head Bashneft

MOSCOW. Sept 29 (Interfax) - The board of directors at OJSC Bashneft , which is part of Sistema , has decided to appoint Viktor Khoroshavtsev as its general director, Sistema-Invest said in a statement.

OJSC Bashneft's former general director, Nikolai Grakhantsev, who is also first deputy general director at Sistema Invest for oil and gas sales, will head Bashneft-Production. This company is being formed in the framework of the Ufa-based group Bashtek.

Sistema will transfer management of Bashtek to Bashneft.

Sistema acquired control of Bashkortostan's energy enterprises in spring of this year.