Financial Times FT.com

Gazprom increases its hold on Sibir

By Michael Kavanagh

Published: June 18 2009 20:01 | Last updated: June 18 2009 20:01

Gazprom, the state-owned Russian energy group, tightened its grip on London-listed Sibir Energy with the appointment of a new chief executive on Thursday.

Sibir, whose shares have been suspended during a battle for control, has appointed Igor Tsibelman, head of international legal affairs at Gazprom Neft, Gazprom’s oil arm, to replace Stuard Detmer.

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