Finance

Novatek's Mikhelson snaps up stock amid weak prices

Share purchases have coincided with assurances in Moscow from other oil producers and the government that the country's energy industry will handle the turmoil on global energy markets

Ambitions intacted: (from left) Russian Energy Minister Alexander Novak, Novatek chairman Leonid Mikhelson and Russian President Vladimir Putin visit Novatek-led Yamal LNG plant in the port of Sabetta on the Yamal peninsula
Ambitions intacted: (from left) Russian Energy Minister Alexander Novak, Novatek chairman Leonid Mikhelson and Russian President Vladimir Putin visit Novatek-led Yamal LNG plant in the port of Sabetta on the Yamal peninsulaPhoto: AP/SCANPIX
  • Vladimir Afanasiev
Moscow
RussiaLeonid MikhelsonNovatekTatneftCoronavirus
Published 12 March 2020, 16:25Updated 12 March 2020, 16:26