Position: Chairman of STC NK "LUKoil"
Born 01.09.1950 in Baku (Azerbaijan).
In 1974 he graduated from the evening department of the Azerbaijan Oil and Chemistry Institute, specializing in mining engineering on technology and complex mechanization of oil and gas fields development.
Since 1972 he worked as a driller in a production association "Kaspmorneft».
In the period from 1974 to 1979 he started as operator for oil and gas production, he soon became an engineer-technologist, then the shift supervisor, foreman, chief engineer and finally deputy chief of the oil field.
In 1979 -1985 Alekperov worked in management of manufacturing associations "Surgutneftegaz" and "Bashneft».
From 1985 to 1987 was the first deputy general director of «Bashneft» in Western Siberia.
From 1987 to 1990 he worked as general director of the production association "Kogalymneftegaz». In 1990-1991 - Deputy, First Deputy Minister of Oil and Gas Industry of the USSR.
In 1991 he became president of the oil concern «Langepas-Urai-Kogalymneft».
In 1993, on a decree of President Yeltsin the state concern «Langepas-Urai-Kagalym-oil " was transformed into joint-stock company " LUKoil ".
In 1995, Alekperov was chairman of the Board of Directors "Imperial"; in 1998, he became chairman of the supervisory board of the bank. At that time, LUKoil owned a stake of 26% shares of «Imperial» bank and bought from «Gazprom» another 7%. According to numerous publications in the media, "LUKoil" was late with the repayment of loan at 33 million dollars to the bank.
In 1998-2000, Vahid Alekperov was chairman of the Board of Directors in “Petrokommerts».
In April 1996 he was the confidant of Boris Yeltsin during the presidential election in the Tyumen region.
Since 1999 - Member of the Economic Council of the Government of Russia.
In January 2000, he was relieved of his duties as chairman of the board of directors of the company "LUKOIL".
Since 2000 - present time- Chairman of the Board of Directors of OAO RITEK.
Since 2001- present time - Chairman of STC NK "LUKoil".
According to the magazine "Finance", his status for the year 2009 amounted to 7.60 billion dollars; he took the 4th place in rating of Russian billionaires.
Married; has a wife Larisa, a son Yusuf (born 1990). He tends to spend spare time with his family. He is fond of tennis.
In privy Alekperov's name is "Don". He even holds out his hand at the meeting so that one looks liking kissing it. Alekperov has earned an "every minute" respect due to the fact he knows the oil industry "inside and out». He started as a drill man, and rose to a director of field. As a professional he got formed in the Siberian Kogalym when leading «Kogalymneftegaz», thence the psychology "everything is possible" is. Also in Kogalym, Alekperov has received another nickname from drill men - Alec the First - for the fact that despite the party instructions, he built normal brick housesfor the workers , not shacks. Another story of those years: Alekperov sat down on the damaged oil pipe to give moral support to the welders fearing of explosion. In Alekperov's days life level in Koglame was considered the highest in the USSR - payments for oil were made by real money. "Bright future" builder of was soon transferred to work in the Ministry of Petroleum Industry of the USSR. Alekperov was the youngest first deputy minister in the history of the Ministry. It is unknown who favoured him for the post. Leonid Filimonov headed the Ministry ( at first he headed «Nizhnevartovskneftegaz», then a president of Eastern Oil Company). Alekperov co-authored with to work out a scheme of vertical integration of oil companies - VINK. Thus, in late 1991 the first international oil concern «LUKoil» appeared in Russia, which consisted of "Uraineftegaz" and "Langepasneftegas.Alekperov met those companies' heads back in Kogalym - Putilov Alexander and Yuri Shafranik (the latter subsequently headed the Petroleum Ministry and helped a lot to "oil king" Vagit in business). The structure of "LUKoil" also included the Perm and Volgograd refineries. The name of the concern consists of the first letters of the cities' names as follows: Langepas, Urai, and Kogalym. A major shareholder and strategic partner of LUKoil became the U.S. Atlantic Richfield Company (ARCO). LUKoil secured a reputation of Americanism company.
(Source: "aloud about ...", May 2003," Top Secret ", November 2002)
Since then, not a single oil project has been passed by LUKoi. Exploration of Timan-Pechora, the Caspian and the Arctic shelfs, Baltic transit, construction of the Baltic Pipeline System and the Caspian Pipeline Consortium, building a new oil terminal in the north, the development of the tanker fleet, and the order for production of railway tank — "LUKoil" took part in everything. Moreover, the company tried to control directly the competing projects. The aim was expansing in all directions under the auspices of public interest. Today LUKoil - this is 1,3% of global oil reserves, and 2.3% of global oil production. Speaking of Russia, LUKoil is a 18.6% oil production and 18,1% of all-Russia oil refining.
In 1993, Boris Yeltsin signed a decree on privatization of the oil industry. At the same time Alekperov announced the idea that there should not be more than three or four oil companies in the country. He actually took the sweet spots of the oil sector.
The then President Heydar Aliyev hoped that Alekperov would defend the interests of Azerbaijan in Moscow, but everything turned out the opposite. Alekperov primarily defended the interests of Moscow. But in spite of exhibiting his loyalty, in the late 90's Alekperov began conflicting with the authorities. On the one hand, Putin did not want to tolerate too large and independent monopolists. On the other hand, LUKoil became in the way of its main rival «Sibneft», the company of the "family". As a result LUKoil was prosecuted for withholding taxes of hundreds millions of dollars. Viktor Kalyuzhny – an outspoken lobbyist of LUKoil resigned the post of Fuel and Energy Minister (it is noteworthy that Alekperov did not take him to the company, probably being displeased with the work of "hand-minister). Meanwhile, Alekperov was "caught» in a doubtful relation with criminal authority Bogomolov named Bogomol (Tyumen OPG). He was even listed at one of the LUKoil's posts. Everybody in the underworld avoided communicating with Bogomol remembering the death of the famous thief in law "Shakro-old" (also Kakachia); he was killed in the vicinity of Berlin. It is believed that "godfathers" controlling "LUKoil" were involved in the murder, since shortly before his sudden death "Shakro-old» had quarreled with one of the heads of LUKoil.
MIA was aware of relations existing between the structures of "LUKoil" and the criminal world controlling the gasoline business. In particular, former Interior Minister Kulikov written about it in a note addressed to Chernomyrdin, but no decisions on that matter followed.
By the way, back in 1997 vice-president of LUKoil Vitaly Schmidt died from a coronary heart disease; his death was subsequently treated in the press as the murder by poisoning. Schmidt was an author of restructurization of offshore system in LUKoil, which was disadvantageous for Alekperov, and therefore was not implemented after Schmidt's death. Relatives of Schmidt voiced accusations against Alekperov, Ralif Safin, and other leaders of "LUKoil" in the "Top Secret" program on the NTV channel.
First deputy of Alekperov Sergei Kukura also suffered after a few of years later. He was kidnapped by unknown persons, and then safely returned. Then it was discovered that lukoylovtsy had been engaged in the sale of diluted gasoline for a few years through its network of petrol stations. Tthe state treasury, according to conservative estimates of the tax police, was damaged in the amount of 4.5 billion rubles.
In 2000, the Federal Tax Police Russia announced the initiation of criminal proceedings against Alekperov and chief accountant of "LUKoil" Lyubov Hoba on the fact of "sheltering large funds of taxation». On the same day, Alekperov met President Putin in the Kremlin . As a result, the prosecution was not presented to him. In August 2000 Arbitration Court dismissed most of the claims of the Federal Tax Police Service against "LUKoil".
(Source: "Profile" from 17.07. 2000; "Novaya Gazeta" on 20.12.1999)
In early 2000, LUKoil voluntarily refused of participation in financing project works on the Baku-Ceyhan pipeline, although it had every right for a share in the future "pipe". That sudden act of philanthropy had an explanation - Alekperov utmost tried to maintain the image of the most public, most patriotic company in Russia. refusal of share in the Azeri oil pipeline was supposed to emphasize the loyalty of "LUKoil", which had been questioned after the establishment of the Caspian Pipeline Consortium (CPC).
Since the beginning of the First Russo-Chechen war, it was necessary to determine the routes for transporting of Caspian oil. The USA, Turkey, Georgia, and Azerbaijan insisted on the south side of the Caucasus Mountains, while Russia - on the northern slopes of the Caucasus. Then LUKoil took a strange position, as it was acting against the public interest. LUKoil was for development of the field "Kyapaz». LUKoil signed the agreement with Azerbaijan on doing that. Official Ashgabat made a note of protest considering the agreement an intrusion on their territory. Russian Foreign Ministry was forced to justify itself, and to recognize Russia's debt to Turkmenistan of $228.5 million as compensation. The situation was exacerbated by the fact that the choice of transporting routes of Caspian energy resources depended on position of Turkmenistan. In addition, Ashgabat was the only ally of Russia against the United States in struggle for the Caspian Sea.
As a result, Moscow failed the struggle from the very beginning. It was thanks to the policy of "LUKoil" that Caspian Sea had been divided into national economic zones. LUKoil also was an active participant in the intrigue on construction of the "pipe" bypassing Chechnya. MFA of Russia defended Russia's route of transportation by all methods, including war in Chechnya. Meanwhile LUKoil expanded its presence in the Azerbaijani oil fields and was a member of the AMOK, which was going to drive oil through the "pipeline" Baku-Ceyhan. A friend of Alekperov- Viktor Chernomyrdin persuaded everyone that Russia's national interests were met, referring to state status of LUKoil.
In the northern direction LUKoil pursued primarily its own profit. Having bought an oil company "KomiTEK" and in fact having absorbed it, LUKoil became the owner of majority deposits of the Timan-Pechora and the pipeline, which was supposed to become a part of the Baltic Pipeline sysetm (BPS). BPS - is a direct access to the world oil market, which Russia had lost after the collapse of the Soviet Union. Therefore, Putin took the BTS under his patronage, but LUKoil opposed that from the beginning. As a result, LUKoil developed an alternative BPS project called "Northen Gate", which involved the construction of oil terminal in Varandey with capacity of 30 million tons per year with the following transportation by oil tankers. Under that project, LUKoil managed to gain ownership of the oil base of the Northern Fleet in Mohnatkina Pahta.
(Source: "Stringer" from 14.11.2000)
But Alekperov is famous for his capability to roll with the punches - Vagid Alekperov knows how to parley. He agreed with the authorities. As early as in 2002, Alekperov was called the favorite of the president. As they say, Alekperov is the man who does understand the system, and signals that authorities send. "It is impossible to separate the company's interests from the interests of the State on which territory it operates», said he once. «We have the same interests. Everything that is good for Russia is good for our company." In 2005, Alekperov received order "For merits before Fatherland» of IV degree from Putin. It is noticed that level of consumer prices for gasoline depends on conversations of Putin and Vagit Alekperov.
Today Alekperov owns 20,6% of LUKoil. Another 20% belong to the American ConocoPhillips, 9,25% - Vice President Leonid Fedun. Many experts believe that the whole empire of Vagit Alekperov has been created on money of the U.S. companies which control Russia's projects through LUKoil.
(Source: Nezavisimaya Gazeta, 16.02.2006)