No large company in the world has been so spectacularly mismanaged as Russia’s state-dominated natural-gas corporation Gazprom OAO. In the last decade, its management has made every conceivable mistake.
Russian Prime Minister Vladimir Putin’s spokesman, Dmitry Peskov, denied reports of speculation that OAO Gazprom Chief Executive Officer Alexei Miller will leave his position and may be replaced by the billionaire shareholder and head of OAO Novatek, Leonid Mikhelson.
OAO Gazprom Chief Executive Officer Alexei Miller said talks with EDF SA on the French power producer joining the South Stream pipeline link will be completed in the next month and a half or two months.
OAO Gazprom , Russia’s gas export monopoly, agreed to a joint venture with Bulgaria’s state utility to run the Balkan country’s section of the planned South Stream gas pipeline to central and southern Europe.