The management board of Rosneft has cancelled the existing corporate management norms at TNK-BP and approved a uniform policy and standards for the entire perimeter of the Rosneft group, which are now being applied to the newly acquired company. New Deputy Vice President Eduard Khudainatov will be responsible for the upstream segment. He replaces Sergei Berzitsky, who stepped down earlier. Vice President Vlada Rusakova has been named to head the gas block. Artem Prigoda has been appointed advisor to the president as well as vice president and head of the department for planning, management effectiveness, development and investment. Prigoda, who previously ran the project to reorganize Sibur, replaces Nikolai Ivanov, who has left the company. Sergei Mikhailov has been named head of purchasing as well as head of the tender committee. He replaces Olga Malyshkina, who has left the company. Marcus Cooper, previously an executive with BP, has been named head of oil and product trading. Arkady Kuznetsov has been named to head Orenburgneft and Khasan Tatriyev has been named to head Samotlorneftegaz.

The Russian government could cut its stake to 51% in Open Joint Stock Company Rosneft Oil Company (MICEX:ROSN) in the future, Prime Minister Dmitry Medvedev said. "We could bring the stake down to 51%," he told government pool reporters on May 18, 2013. A controlling stake in Rosneft would help in carrying the privatization "without the danger of losing strategic positions," he said. Reports have said earlier that the Economic Development Ministry is eyeing the sale of an up to 19.5% stake worth RUB 500 million-RUB 550 million.

Open Joint Stock Company ALROSA (MICEX:ALRS) will sell its gas assets to Open Joint Stock Company Rosneft Oil Company (MICEX:ROSN), Kommersant reported, citing an unnamed source. Alrosa head Fyodor Andreyev told reporters on May 16, 2013 that ALROSA expects to sell the gas assets by the end of 2013. "We are now at the stage of signing documents to sell the Urengoy gas assets, which are valued at more than $1 billion," Andreyev said. He did not name a buyer, but said there were several suitors. The paper's sources did not specify the price that Rosneft will pay for Geotransgaz and UGC, but said it would be less than $1.5 billion.