LUKOIL shares: Alekperov controls 16.899%, Fedun 8.3%

Lukoil’s presidentVagit Alekperov directly and indirectly controls 16.899% of the company’s shares, a Lukoil announcement said today.

Leonid Fedun, the vice president, holds 8.3% of the stock – giving the two top managers a blocking stake of 25.199%.
Lukoil’s capitalization on the RTS (Russian Trading System) is around $72.893 billion.

This gives a market value of $12.32 bn. for Alekperov’s interest and $6.05 bln. for Fedun’s

Wall Street Journal exposes Lukoil insiders

“On the last day of August in 1997, a Russian oil tycoon named Vitaly Schmidt sat down to lunch at his Moscow apartment with his woman friend and his sister. The 48-year-old engineer downed a large helping of boiled-meat dumplings and a couple of shots of vodka. Three hours later, he was dead.
Mr. Schmidt was a multimillionaire with luxury residences in four countries. Much of his fortune came from a group of small offshore energy companies he oversaw on behalf of himself and a few fellow executives of a big Russian oil company, OAO Lukoil.”

• This compelling 3,000-word story, titled “At Lukoil, an Executive’s Death Exposes Network of Inside Deals,” by Glenn R. Simpson, was published by The Wall Sreet Journal on December 6th, 2006.
  
• Thanks to permission from The WSJ, you can read the article here in English and here in Russian.