Qatar Tayyeb Belmahdi, President"Russian oil" The Russian Federation replaced the former German Chancellor Schroeder

Russian oil giant Rosneft appointed Qatari Tayeb Belmahdi as chairman of the board, replacing former German chancellor Gerhard Schröder, who stepped down last May.

A statement released by Rosneft after its annual general assembly meeting said that Belmahdi has “45 years of experience in major oil companies in the Middle East.”

Agence France-Presse reported that Belmahdi is a renowned oil and gas expert and previously held several senior positions at Qatar Energy Group.

Two Qataris, Faisal Al-Suwaydi and Hamad Rashid Al-Mohannadi, who represent the Qatari sovereign wealth fund Qatar Investment Authority, also sit on the board of directors of the group, which is Russia’s largest oil company, according to Rosneft. .

The group announced last May that Schröder was stepping down from its board of directors following pressure from his country.

Source: AFP

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