Vagit Alekperov

Biography

 Alekperov was born in Baku, one of the earliest centers of the international petroleum industry. He worked in the oilfields all his life and inspired Alekperov to follow in his footsteps.  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. Alekperov has remained president of LUKoil since that time. Employing more than 100,000 people, today LUKoil is among the world's most powerful oil companies, with reserves second only to Exxon. LUKoil has been the first Russian company to acquire an American company. In November 2000, LUKoil acquired Getty Petroleum Marketing and its 1,300 gas stations in the United States like many other Russian oligarchs, Alekperov has also moved into banking and media. In May 2006 Alekperov was one of the two main owners of IFD Kapital Group.

Research Interest

 His research interest on oilfileds