Alexander Novak is being promoted to deputy prime minister and will no longer be Russia’s energy minister, but he is expected to continue being Russia’s key contact in talks with OPEC and the OPEC+ group. In a second cabinet reshuffle this year, Russian President Vladimir Putin dismissed on Monday several ministers and promoted energy minister Novak to be one of the deputy prime ministers of Prime Minister Mikhail Mishustin. Mishustin said on Monday he had submitted proposals to the Russian Parliament to approve Novak’s appointment as deputy prime minister, as well as the appointment of Nikolay Shulginov, currently CEO at hydropower company RusHydro, as the new energy minister to replace Novak. Despite being promoted to deputy prime minister and no longer energy minister, Novak will continue to oversee Russia’s oil policy and will continue to be the key contact for Moscow in discussions and talks with OPEC and its […]