Russia Sanctions: Vagit Alekperov resign from PJSC LUKOIL as president and board of directors

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Vagit Alekperov will resign as both the president of PJSC LUKOIL and as a member of the board of directors.

Vagit Alekperov will resign as both the president of PJSC LUKOIL and as a member of the board of directors.

The respective notices of resignation were sent Apr. 21 to the chairman of board.

According to Oil & Gas Journal, No reason for the early resignation nor word on a replacement were disclosed. Alekperov was sanctioned by the UK government Apr. 13 as the war in Ukraine continues.

A Mar. 3 statement by the board directed at shareholders, employees, and customers called for “the soonest termination of the armed conflict” in Ukraine, noting strong support for a “lasting ceasefire and a settlement of problems through serious negotiations and diplomacy.”

LUKOIL is Russia’s second largest oil company behind state-owned Rosneft and produces over 2% of the world’s crude oil with assets around the world stood at:

 

And assets in Russia:


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