Vagit Alekperov

Vagit Alekperov is an Azerbaijani and Russian businessman and currently a President of the leading Russian oil company LUKOIL. In 1990, Alekperov was appointed deputy minister of the Oil and Gas Industry of the Soviet Union and became the youngest deputy energy minister in Soviet history. At that time, Alekperov promoted establishment of vertically integrated state-owned energy companies, which would bring together the wide range of organizations in the energy sector that were, at the time, reporting to different Soviet bureaucratic institutions. As deputy minister of the oil and gas industry of the Soviet Union, Alekperov was engaged in the formation of the first vertically integrated state-owned energy company, Langepas-Uray-Kogalymneft, which was established in late 1991 as a subsidiary of the Ministry of Fuel and Energy. In April 1993, Langepas-Uray-Kogalymneft became LUKoil Oil Company, with Alekperov as its president.


Meeting with LUKOIL President Vagit Alekperov

Vladimir Putin held a meeting with LUKOIL President Vagit Alekperov to discuss LUKOIL’s operations in Russia and abroad, as well as the diversification of the company’s activities.

Source: | Date: 10th October 2013 Read more

RT: Russia's gas status quo in Europe won’t be affected by new suppliers

New natural gas suppliers to Europe won’t affect Russia’s status quo due to existing infrastructure and flexible pricing, the president of Russian oil giant Lukoil told RT in an interview. He also revealed country’s Middle East expansion plans. “Gazprom will retain its share on the European market thanks to the infrastructure it has set up over decades and the flexible pricing policy”, said Vagit Alekperov.

Source: | Date: 23rd March 2013 Read more