Vagit Y. Alekperov
Who is Vagit Y. Alekperov?
Vagit Y. Alekperov is the founder of Russian oil giant Lukoil.
Vagit Y. Alekperov Background
Born in 1950 in Baku, Azerbaijan, Alekperov is the youngest of five children. He went into the oil industry at the age of 22 as a drill operator in Siberia. Alekperov earned his Ph.D. from the Azerbaijan Oil and Gas Institute in 1974. Over the years, he worked his way up the ladder, becoming a team leader, then deputy chief, then deputy director general. In 1982, Alekperov became the director general of Kogalymneftegaz Oil, which was the springboard to a job as the Soviet Union's deputy minister of oil and gas.
In 1991, the Russian government began attempting to privatize certain state enterprises. As a result, Alekperov helped found a state-owned energy company called Langepas-Uray-Kogalymneft in 1991. In 1993, Alekperov became the president of Lukoil.
Why Does Vagit Y. Alekperov Matter?
Lukoil is a major energy company that emerged from the Soviet Union's efforts to privatize some of its state-owned assets. Through Alekperov's leadership and management tactics, the company became one of the world's largest oil companies and helped make Russia a global powerhouse in the energy industry, rivaling ExxonMobil in size. The company is publicly traded on the OTC (TICKER: LUKOY)
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.