Advertisement

Russia’s Lukoil chief Alekperov quits oil giant

  • Web Desk
  • Share

oil giant
Advertisement

The CEO of Russia’s oil behemoth Lukoil, who has called for an end to the Kremlin’s military assault in Ukraine, announced his departure from the firm he established on Thursday.

Vagit Alekperov’s departure was announced in a brief statement by Lukoil, but no reason was given for his decision to leave Russia’s largest oil producer.

The announcement came less than two months after Lukoil became one of the first major domestic firms to speak out against Russia’s campaign in Ukraine.

“We stand for the immediate cessation of the armed conflict and fully support its resolution through the negotiation process and through diplomatic means,” Lukoil said on March 3.

But Alekperov was still added to a list of sanctions prepared against powerful Russian business leaders by Britain, with which Lukoil has close ties.

Advertisement

Lukoil said Alekperov was resigning as both chief executive and chairman of the company’s board.

The company said he controlled 3.1 percent of Lukoil’s voting shares, and was the beneficiary of another 5.4 percent stake as of March 31.

“Thus, Alekperov is not a controlling shareholder of Lukoil,” the company said.

Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Live News.


Advertisement
End of Story
BOL Stories of the day
Currency Exchange Rates in Pakistan Today
Gold rates in Pakistan today
Google plans to make Pakistan an export hub, says Finance Minister
BTC TO PKR – Today’s Bitcoin price in Pakistan on November 04, 2025
BTC TO USD – Today’s Bitcoin price in Dollar on November 04, 2025
Silver rates in Pakistan today
Next Article
Exit mobile version