Gazprom Neft to Use All Legal Means to Protect Its Interests Managing the Moskovsky Oil Refinery
OREANDA-NEWS. JSC Gazprom Neft thinks that activities of factory management stuff, the Sibir Energy company and the Moscow government ( which control the JSC Moscovsky Oil Refinery Company) to monopolize control under the Moskovsky Oil Refinery do violence to corporate procedures and the Russian Federation legislation.
In summer 2006 JSC Gazprom Neft’s and JSC Tatneft’s representatives were not admitted to participation in the Moskovsky oil refinery stockholders’ general meeting. As a result of the meeting illegally elected Moskovsky Oil Refinery Board of Directors represents only one stakeholder – the Moskovsky oil refinery, and make decisions according to its interests.
The meeting allowed contempt of law, violation facts were established by the Federal Service on Financial Markets.
Therefore, Gazprom Neft will litigate annual general meeting decisions of the Moskovsky Oil Refinery and use all legal means to protect its management rights.
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