Oil of Russia

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Vagit Alekperov needs no introduction to anyone in the oil business. As president of LUKOIL, Russia’s largest non-state-owned oil and gas company, he is well known for his business acumen, inexhaustible vigor, and genuine charm. Even if your life is only slightly affected by petroleum (and I am willing to bet that if you are holding this book—it is), you are probably familiar with his name.

It may be less well known that Vagit is also a member of the Russian Academy of Natural Sciences. Over the past decade, Academician Alekperov has led a team of researchers seeking to salvage the history of the Russian oil industry from the oubliette of tsarist and communist-era archives. On reflection, this distraction from the demands of business reveals itself as a wise investment. In an industry where project-planning horizons are decades long and global in scope and where quotidian acts often reach historic proportions, a keen appreciation of history is not just a reward but a prerequisite for success. We can be grateful that Vagit is sharing his insights into a subject that has long suffered from regrettable obscurity and lack of access.

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