to explore the blocks it's acquired in the arctic heading up that will be a new chairman because sichem is standing down in accordance with the new russian policy of splitting politicians from jobs heading state run companies it's not all bad news for us net production group faster than any other russian oil company currently it's pumping eight hundred forty million barrels of oil and twelve billion cubic meters of gas a year there's been a lot of progress on rosneft improving downstream capacity it's taken germany's rew oil will increase three pointing and giving access to new technology and looking east a joint venture with c. and b.c. to build a refinery in china will greatly improve its penetration of far east markets so the new leadership will have a lot to smile about but solving the problem. in the arctic will be their toughest task. russia is considering reducing its holding in a number of key state companies looking states the state is looking into privatizing more oil major ross nafs bt bank roll sam has bank and power generating company. russia's plans to sell assets and more