Long-time chairman of Russian oil and fuel firm Lukoil and “founding father” of the Soviet oil business has handed away following a protracted sickness.

Valery Grayfer; Source: Lukoil

Lukoil mentioned on Friday that its chairman Valery Grayfer handed away following a protracted sickness on the age of 90.

The firm added that Grayfer performed a key position within the growth of the West Siberian oil and fuel basin that, underneath his steerage, turned one of many largest oil areas on the earth with manufacturing degree greater than that of Saudi Arabia.

In fashionable
Russia, Grayfer based Ritek and later turned the pinnacle of Lukoil’s analysis
and growth department. His expertise assisted Lukoil in executing initiatives in
the Caspian Sea, the Baltic Sea, Republic of Komi, and different areas.

During his
lifetime, he was embellished with seven orders, 4 medals, the Diploma of Merit
of the Supreme Council of the Tatar ASSR, and the Diploma of Merit of the
Russian President.

Grayfer was
additionally a laureate of the Lenin Prize and the Russian Federation Government Award.
While he was nonetheless alive, a big Lukoil oil discipline within the Caspian Sea was named
after him.

In 1985 he
turned the deputy minister of the oil business of the Soviet Union and from 1992
till January 2010 was the overall director of Ritek. From that place, he transitioned
to the position of Ritek’s chairman. During that point, he additionally turned the chairman
of Lukoil, a place he held since 2000. ​

Lukoil president and CEO Vagit Alekperov mentioned: “For our technology, for these individuals who labored underneath Valery Grayfer’s management he had at all times been an embodiment of optimism, of hope for one of the best, and the very best skilled and private qualities.

In the 1990s, when nobody even talked about ‘improvements’, Valery Grayfer thought a long time forward and based Ritek – Russian progressive gas and power firm.

We have at all times listened to his opinion because the chairman of Lukoil’s board of administrators. It is an irreparable loss for our firm and your entire business. Today is a sorrowful day for us all“.

The submit ‘Founding father’ of Soviet oil business and Lukoil chairman passes away appeared first on Offshore Energy.

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