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Sechin’s “Power” Move

sechin100608.jpgKommersant reports on Igor Sechin’s new gig:

According to the analysts, Sechin’s personal control over Inter RAO signals the government has revised its attitude towards the company. Nowadays, Inter RAO is more a lever of influence than a certain business undertaking. It could be viewed as the continuation of gas expansion but through softer methods. Gazprom arouses fear but no one is scared of Inter RAO. Besides, the expansion of the kind matches Sechin’s positon, whereby “not all energy assets should go to Gazprom but Russia must have everything.” The investors have appreciated Inter RAO potential. The company grew 1.4 percent on RTS Friday contrary to the index decline of 7.09 percent.