Vagit Alekperov Net Worth is$13.5 Billion
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Profession: Businessperson
Date of Birth: Sep 1, 1950
Nicknames: Vahid Alakbarov
Country: Azerbaijan, Russia
Net Worth: View Vagit Alekperov Net Worth
What is Vagit Alekperov's net worth? Vagit Alekperov's net worth is $13.5 billion dollars which makes him one of the richest people in Russia. Born in Baku, Azerbaijan, Vagit Alekperov graduated from the Azerbaijan Oil and Chemistry Institute in the mid-70s. He began working for the drilling company, Kaspmorneft, while still in school, and then became a full-time engineer for them after graduating. He was promoted from engineer to head of his own production unit over the course of the next few years. He then moved to Siberia to work for Surgutneftegaz, another oil company. There, he quickly established himself as an expert, and subsequently became the director, or deputy director, of a number of oil production companies. In the early 90s, the government came calling, and he became the Deputy Prime Minister of the Oil and Gas Industry of the Soviet Union. He was instrumental in the creation and implementation of Langepas-Uray-Kogalymneft, Russia's first vertically integrated state-owned oil/energy company. That company has since changed its name to LUKoil. He is the company's largest shareholder, and its former President.
Vagit Alekperov (Azerbaijani: Vahid Yusuf oglu ?l?kb?rov); (Russian: ????? ???????? ?????????, born September 1, 1950 in Baku, Azerbaijan) is an Azerbaijani businessman and currently a President of the leading Russian oil company LUKOIL.
He is currently rated by Forbes magazine as the eighth richest person in Russia with $13.9 billion of net worth and the 50th richest person in the world.
He was born in Baku, one of the earliest centers of the international petroleum industry. His father, who died when Vagit was a boy, worked in the oil fields all his life and inspired Alekperov to follow in his footsteps. Alekperov's father was a Muslim and his mother, Russian Orthodox. Alekperov is religious, but does not define himself as either Muslim or Orthodox. He was eighteen when he landed his first job in the industry.
Alekperov graduated in 1974 from the Azerbaijan Oil and Chemistry Institute. As a student he also worked as a drilling operator in Kaspmorneft, a Caspian regional production company.
After graduation, he continued to work there, and by 1979 he had advanced from engineer to deputy head of a production unit. He had to work in extreme conditions on offshore oil rigs. On one occasion, an explosion on his rig threw him into the stormy Caspian sea, and he had to swim for his life.
Alekperov moved to Western Siberia in 1979 and worked at Surgutneftegaz between 1979 and 1985, earning his reputation as an industry expert. He was ascending positions and by 1985 became first deputy general director of Bashneft production company. In 1987, he became general director of the newly created production company Kogalymneftegaz.
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 energ

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Vagit Alekperov Latest News

OPEC, non-OPEC will increase production if oil price spikes – Lukoil CEO

Lukoil CEO Vagit Alekperov said oil prices should be between $60 and $65 per barrel to avoid mistakes with the market overheating, such as in 2000. OPEC and non-OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 ...
Posted: December 1, 2017, 10:52 am

Lukoil CEO says oil markets won't overheat

Vagit Alekperov, the long serving chief executive and top shareholder of Lukoil, told Reuters he expected global oil demand to rise by 1.8 million barrels per day next year. In addition to that, the supply of crude from producers who are not participating ...
Posted: December 1, 2017, 5:02 am

Lukoil CEO says oil markets won't overheat

Vagit Alekperov, the long serving chief executive and top shareholder of Lukoil, told Reuters he expected global oil demand to rise by 1.8 million barrels per day next year. "We still have plenty of excessive stocks globally so collective actions by OPEC ...
Posted: November 30, 2017, 7:58 pm
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