The market capitalisation of Russia’s largest oil company, state controlled Rosneft, will reach US$100 billion in the next few years, chief executive Eduard Khudainatov said on Friday.
Mr Khudainatov was speaking at Rosneft’s annual shareholders meeting, which was due to elect a new chairman to replace Deputy Prime Minister Igor Sechin.
Mr Sechin resigned to comply with an order by President Dmitry Medvedev to ministers to give up powerful board posts at large state-controlled companies.
