Russian President Vladimir Putin believes that the presence of BP representatives on the board of directors of Rosneft (RTS: ROSN) will lend additional transparency to the Russian company.
"If there is a representative of a major shareholder there on the board of directors, that will provide additional transparency to the activities of our largest oil company," Putin said at a meeting with members of the Valday international discussion club on Thursday.
Rosneft will become the largest oil-producing company in the world; but by production volume, including oil products, ExxonMobil will remain in first place, the president said.
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