Schroeder, Warnig to leave Rosneft board

MOSCOW. May 20 (Interfax) - Former German chancellor Gerhard Schroeder and CEO of Nord Stream 2 AG Matthias Warnig have said they are unable to extend their terms as members of the Rosneft board of directors.

"We respect their decisions and thank them for their continued support. The Company's standards will continue to incorporate their approaches of comprehensive analysis, careful planning and modeling of the projects that are being implemented, as well as the principles of continuity and market-based consideration of our partners' interests," the Russian oil company said in a statement, posted on its website.

Apart from Schroeder and Warnig, the Rosneft board currently includes Austria's former foreign minister, Karin Kneissl; former BP President Robert Dudley; BP CEO Bernard Looney; President of Research and Development at the Qatar Foundation Faisal Alsuwaidi; and member of the Board of Trustees at the Abdullah Bin Hamad Al-Attiyah International Foundation for Energy and Sustainable Development and Chairman of the Board of Trustees at the Community College of Qatar Hamad Rashid Al-Mohannadi; head of Macuard Holding Hans-Georg Rudloff, Deputy Russian Prime Minister Alexander Novak, aide to the Russian President Maxim Oreshkin and Rosneft CEO Igor Sechin.