PJSC LukOil Re Decease of LUKOIL BoD Chairman
24 Abril 2020 - 9:20AM
RNS Non-Regulatory
TIDMLKOD
PJSC LukOil
24 April 2020
PRESS SERVICE STATEMENT
April 24, 2020
The LUKOIL Press Service deeply regrets to announce that Valery
Grayfer, who for many years served as Chairman of PJSC LUKOIL Board
of Directors, has passed away following a long illness. He was 90
years old.
Valery Grayfer was an outstanding oil worker and one of the
founding fathers of the Soviet oil industry. He played the key role
in the development of the West Siberian oil and gas basin that,
under his guidance, became one of the largest oil regions in the
world with production level higher than that of Saudi Arabia.
In modern Russia, Valery Grayfer founded RITEK innovative
company and later became the head of LUKOIL's research and
development branch. Valery Grayfer's unique experience assisted
LUKOIL in executing successful projects in the Caspian Sea, the
Baltic Sea, Republic of Komi and other regions.
Up until the last months of his life, Valery Grayfer carried out
the strategical leadership as Chairman of PJSC LUKOIL Board of
Directors, showed interest in current problems of the industry, and
held his position as one of the leading experts in Russian oil and
gas industry.
LUKOIL always held Valery Grayfer's person in the deepest
respect. While Valery Grayfer was still alive, a large LUKOIL oil
field in the Caspian Sea was named after him.
Many thousands of LUKOIL employees mourn deeply today over
Valery Grayfer's passing and offer their sincere condolences to his
family and loved ones.
He had a long life and every day of it was full of the will to
move forward, to work for the good of the country and the
industry.
"For our generation, for those people who worked under Valery
Grayfer's leadership he had always been an embodiment of optimism,
of hope for the best, and of the highest professional and personal
qualities. In the 1990s, when no one even mentioned "innovations",
Valery Grayfer thought decades ahead and founded RITEK - Russian
innovative fuel and energy company. We have always listened to his
opinion as Chairman of LUKOIL Board of Directors. It is an
irreparable loss for our Company and the entire industry. Today is
a sorrowful day for us all," said PJSC LUKOIL President and CEO
Vagit Alekperov.
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END
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