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Salaries of Rosneft’s Board of Directors drop by 16%

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Salaries of Rosneft’s Board of Directors drop by 16%

Rosneft, a Russian integrated oil company, has reduced salaries of members of the Board of Directors, which consists of 10 persons, including the company’s president Igor Sechin, by 16%.

At the end of the year, their aggregate revenue amounted to 572 million rubles ($9,9 million) against 682 million rubles ($11,8) in 2015.

However, a total volume of payments, including bonuses, scarcely altered and amounted to 3,69 billion rubles (approximately $64 million). Bonuses remained at the level of year 2015 and totaled 2 billion rubles (approximately $34,7 million).

It is noteworthy that a similar decision was taken by Gazprom, a Russian gas giant, which reduced the amount of payment to the Board of Director by 9.4%, but retained the bonuses.

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