Europe, even in the medium term, cannot replace the supply of oil in the event of an embargo, and the consumption of consumption would be a shock to all parties, the former head of the oil and gas company said in an interview with the Financial Times newspaper “Lukoil» Vagit Alekperov.
“It is impossible to find a use for such a large energy exporter as Russia, even in the medium term,” — said said Alekperov (quote from RIA Novosti).
The ex-head of Lukoil said that in the event of an embargo, “Russia will reduce production, freeze wells, as was the case at the beginning of the pandemic in 2020, because it is impossible to redirect all European volumes to other markets overnight.” It will take years to build the oil important for redirecting oil from Russia, which is currently consumed in Europe, Alekperov said.
The businessmen left their post at the company after the UK government expanded the list of meetings on April 13. Alekperov, who leftLukoil‘ to personal meetings in respect of it is not the association of the development of the company. The decision to step down was “sad,” he told the FT.
“We see that often there is a chaotic, emotional character. They cover people who do not register. Not to mention the real errors in them, in the registers, cases, the reasons for being arrested. It looks, at least, not serious from a legal point of view…” he said.
On April 21, the company succeeded in Alekperov’s decision to step down as president and leave the board of directors of Lukoil. In the proposed development, that the businessman is not the controlling shareholder – as of March 31, 2022, he took over 3.12% of the shares, in relation to another 5.43% of the shares he owns a “beneficial economic interest” (beneficiary), including including through family trusts or mutual funds. Alekperov fell ill with Lukoil since 1993.
In early May, Russian President Vladimir Putin awarded Vagit Alekperov with the Order of Merit for the Fatherland, I degree.