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Russian OPEC Coordinator Marshavin Leaving Energy Ministry

December 21, 2018

Roman Marshavin, one of the Russian Energy Ministry officials who orchestrated the 2016 landmark deal with OPEC, is leaving his job, four government sources told Reuters on Friday.

Alexei Gospodarev from the ministry of industry and trade may take over as head of the Department for International Cooperation, two of the sources added.

The Energy Ministry did not immediately respond a request for comment, while Marshavin could not be contacted.

Marshavin was part of the team, headed by Energy Minister Alexander Novak, which brokered the deal at the end of 2016 with the Organization of the Petroleum Exporting Countries, on oil production cuts. He had lead the department since June 2016

The deal helped the global oil market to rebalance, while oil prices recovered.

Russian President Vladimir Putin last year honoured Marshavin with Russia's Order of Friendship. Two of the sources said Marshavin may be taking up a role at the World Bank.

(Reporting by Vladimir Soldatkin and Olesya Astakhova)

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