The son of the owner of Lukoil will be engaged in oilfield services business
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Yusuf Alekperov’s Ekto holding became a co-founder of WellTech, a well workover company in the West Siberian District, and received a 51% stake. About it informed “Kommersant” with reference to data from the Unified State Register of Legal Entities.
WellTech was established in September 2022 in Kogalym. At the end of last year, its revenue amounted to 84 million rubles. Its main profile of work is the maintenance and workover of wells.
Ecto’s contribution to the authorized capital of WellTech amounted to 51 million rubles. Another founder is the company “Lukoil – Western Siberia. Yusuf Alekperov’s Ekto holding unites Western Petroleum Transportation, a railway operator, Lukavto car dealer (in parity ownership with Strategic Development Holding), and Plan B, a power engineering company, writes Kommersant.
Yusuf Alekperov is 32 years old. In 2012 he graduated from the Russian State University of Oil and Gas. Gubkin with a degree in development and operation of oil fields. According to Forbes, Alekperov is the richest heir to Russian billionaires. He owns a 0.2% stake in Lukoil, which at the end of April was worth about $80 million, writes Forbes. In 2018, the then president of Lukoil, Vagit Alekperov, in a conversation with Vedomosti informedthat his son Yusuf left the company to “try his hand as a private businessman”.
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