What does lukoil stand for. Who owns Lukoil? Russian oil company PJSC "Lukoil". Characteristics of the resource base
OJSC LUKOIL»Is one of the world's largest vertically integrated oil and gas companies, accounting for 2.1% of world production.
The company's proven hydrocarbon reserves at the end of 2012 amounted to 17.3 billion barrels. n. e., 90.6% of them - in Russia.
Activities
Geological exploration and production
The LUKOIL Group implements oil and gas exploration and production projects in 13 countries around the world.
The main part of the Company's activity is carried out on the territory of the following federal districts of the Russian Federation - North-West, Volga, Ural and South. Western Siberia remains the main resource base and the main oil production region of Lukoil, which accounts for 44% of proven reserves and 49% of hydrocarbon production.
International projects account for 9.4% of the Company's proved reserves and 10.2% of commercial hydrocarbon production.
Siberia is the main oil production region of the Lukoil company. Photo: lukoilpro.ru
Refining and marketing
The company produces a range of petroleum products, gas processing and petrochemical products and sells products wholesale and retail in more than 30 countries around the world.
LUKOIL owns oil refining facilities in 6 countries of the world.
The total capacity of the LUKOIL Group's refineries at the end of 2012 is 77.1 million tonnes per year.
In Russia, the Company owns 4 oil refineries, 2 mini-refineries, 4 gas processing plants and 2 petrochemical plants.
Power engineering
This business sector of the company includes all areas energy businessfrom generation to transportation and marketing of heat and electricity. The Electric Power Industry business sector, the core of which is the assets of OJSC UGK TGK-8 acquired in 2008, also includes organizations generating electricity and heat at the Company's refineries in Bulgaria, Romania and Ukraine.
The generating capacity of the LUKOIL Group is currently around 4.0 GW.
One of the enterprises of the Lukoil group is LUKOIL-Astrakhanenergo. Photo: www.lae.lukoil.ru
Lukoil gas stations
LUKOIL Group's Russian refineries carry out wholesale petroleum products by concluding contracts for the supply of petroleum products with consumers of the wholesale market. Retail sales of Lukoil products are carried out at gas stations operating under franchising and sub-franchising agreements. Read more about the terms of the Lukoil franchise -.
Lukoil Pension Fund
The LUKOIL-GARANT non-state pension fund is one of the largest and most reliable non-state pension funds in Russia. It ranks third among Russian non-state pension funds by assets. Founded in Moscow in 1994. During his work, he paid about 6 billion rubles of non-state pensions. The total number of clients is 2.5 million. Branches and offices of NPF LUKOIL-GARANT are located in 58 regions of the country. The total volume of financial assets exceeded RUB 100 billion. The Expert RA rating agency has been assigning the highest reliability rating at the A ++ level to LUKOIL-GARANT for 6 years in a row.
In December 2012, control over NPF LUKOIL-Garant passed to financial corporation "Opening".
Energy, petrochemistry
Head office in Moscow
The main activities of the company are operations on exploration, production and processing of oil and natural gas, sales of oil and oil products.
The Lukoil trademark is one of two Russian brands (along with Baltika) included in the list of the 100 largest world trade marks, compiled in April 2007 by the British newspaper Financial Times. However, according to the results of a similar rating compiled in April 2009, Lukoil did not make it into the top 100 brands.
Lukoil's headquarters are located in Moscow, on Sretensky Boulevard. The company also has a North American headquarters located in East Madow, a suburb of New York. [ ]
History
Foundation of the company
State Oil Concern " Langepas Haveparadise TOogalymneft "(" Lukoil ") was created by the decree of the Council of Ministers of the USSR No. 18 of November 25, 1991. The new oil concern united three oil producing enterprises Langepasneftegaz, Urayneftegaz, Kogalymneftegaz, as well as the processing enterprises Permnefteorgsintez, Volgograd and Novoufimsky oil refineries (the latter soon came under the control of the Bashkortostan authorities).
Also in 1995, a relatively small (5%) stake in Lukoil was sold by the state at a privatization mortgage auction. This package went to a company affiliated with Lukoil with a minimum excess of the starting price; foreign participants were not admitted to the competition.
In 1996, Lukoil placed American Depositary Receipts (ADRs) on Western stock markets. Also, this year was marked by the entry of "Lukoil" into the largest Azerbaijani oil project Shah Deniz, as well as the beginning of the construction of the company's own tanker fleet.
In 1997, the Russian company signed a contract with the Iraqi Oil Ministry for the development and production of the second stage oil field West Qurna -2. After the overthrow of Saddam Hussein's regime, the project was suspended and the contract was terminated. In the same 1997, Lukoil-Neftekhim was created, under the management of which the acquired petrochemical enterprises (Stavrolen, Saratovorgsintez and Kalush LUKOR) were transferred over the next few years.
In 1999, Lukoil made a number of major acquisitions, including the Odessa Refinery, the refinery in the Bulgarian Burgas, OJSC KomiTEK, and others.
2000s
In 2000, the Russian company acquired the American corporation Getty Petroleum Marketing Inc., thus gaining control over a network of gas stations in the United States and for the first time entering the American retail market petroleum products. In the same year, the company took control of the Kstovo Refinery (NORSI-oil), which led to a conflict with Sibur, which claimed to be technologically related petrochemical enterprises. As a result, Lukoil acquired the Perm Gas Processing Plant, having ceded petrochemical assets in the Nizhny Novgorod Region to Sibur.
2001: the next major acquisitions - OJSC Yamalneftegazdobycha, OJSC Arkhangelskgeoldobycha, Lokosovskiy GPP. In 2002, Lukoil began construction of its own terminal for transshipment of oil products in the port of Vysotsk (Leningrad Region).
In 2004, Lukoil finally became a private company - the remaining 7.59% of the company's shares were sold to the American oil company ConocoPhillips for $ 1.988 billion. According to some commentators, the results of an open auction for the sale of this block of shares were predetermined in advance, during a personal meeting between Russian President Vladimir Putin and ConocoPhillips President James Mulva. ... After the auction, Lukoil and ConocoPhillips announced the creation of a strategic alliance. Later, the American company increased its share in the capital of Lukoil, and also sold russian company part of their auto network filling stations in the USA and Western Europe.
On January 25, 2006, the company announced the discovery of the first exploration well at the Yuzhno-Rakushechnaya structure, 220 km from Astrakhan, in the Severny license area in the northern part of the Caspian Sea, a large multi-layer oil and gas condensate field named after the famous oilman Vladimir Filanovsky. The probable reserves of the field are estimated at 600 million barrels of oil and 34 billion cubic meters of gas, the annual production may reach 5 million tons. In December 2006, Lukoil announced the acquisition of 376 filling stations in six European countries (Belgium, Finland, Czech Republic, Hungary, Poland and Slovakia) from ConocoPhillips.
In 2007, Lukoil created joint ventures with Gazprom Neft, and in June 2008 - with the Italian oil company ERG (based on its two ISAB refineries in Sicily, and Lukoil pledged 1.3475 billion euros for 49% of this joint venture). In 2009, Lukoil, together with the Norwegian Statoil, won a tender for the development of the Iraqi West Qurna-2 hydrocarbon field (in early 2012, the Norwegians withdrew from the project, and Lukoil consolidated 75% in it).
2010s
By February 2011, ConocoPhillips completely withdrew from Lukoil's capital, selling its shares due to the difficult financial situation.
At the end of 2012, Lukoil won a state auction for the sale of exploration and development rights for the Imilorskoye, Zapadno-Imilorskoye and Istochnoye hydrocarbon fields located in the Khanty-Mansi Autonomous Okrug. In this tender, Lukoil bypassed Rosneft and Gazpromneft, paying the state 50.8 billion rubles.
In February 2013, Lukoil agreed to sell the Odessa oil refinery to the Ukrainian East European Fuel and Energy Company (VETEK). The deal for the sale of the enterprise, the production of which was stopped back in October 2010 due to unprofitability, was closed in the summer of 2013.
In 2014, the company faced a sharp decline in retail sales in Ukraine, caused by a cold snap in relations with Russia (according to Vagit Alekperov, sales in 2014 fell by 42% compared to the previous one). In this regard, the management of Lukoil agreed to sell 100% of its subsidiary Lukoil Ukraine to the Austrian company AMIC Energy Management, which was announced at the end of July 2014.
Shareholders and management
Top managers of the company in July 2010 owned the largest package (over 30%) of the company's shares, including the president of Lukoil Vagit Alekperov - 20.6%, vice president Leonid Fedun - 9.08%. The American oil company ConocoPhillips owned 19.21% (by February 2011 this company completely withdrew from the shareholders of Lukoil, selling its shares, and partially - to Lukoil itself). The rest of the shares were in free float on the London Stock Exchange, Frankfurt Stock Exchange, RTS, MICEX. Market cap - $ 64.4 billion (September 1, 2008). Nominal holders of Lukoil shares, who carry out their storage and accounting, are: 61.78% - Bank of New York, 10.79% - Cyprus company LUKOIL EMPLOYEE LIMITED (controlled by the Bank of Cyprus through Odella Resources Limited).
From 1993 to the present, Vagit Alekperov has been the President of PJSC Lukoil.
More than half of Lukoil's oil reserves are concentrated in Western Siberia (the main operator of production is LLC Lukoil-West Siberia (located in the Khanty-Mansiysk Autonomous Okrug), 100% of which is owned by PJSC Lukoil and is Lukoil's largest asset). About half of the natural gas reserves are located in the fields located on the Gydan Peninsula (Yamalo-Nenets Autonomous District).
10 large oil fields of the company:
| number | field | production in 2007 (thousand tons) |
| 1 | Tevlinsko-Russian | 9486 |
| 2 | Vatyoganskoe | 8086 |
| 3 | Povkhovskoe | 6183 |
| 4 | Pokachevskoe | 3582 |
| 5 | Yuzhno-Yagunskoye | 3142 |
| 6 | Kharyaga | 2874 |
| 7 | Kogalymskoe | 2793 |
| 8 | Pamyatno-Sasovskoe | 2464 |
| 9 | Urievskoe | 2227 |
| 10 | Usinskoe | 2113 |
Foreign projects
The operator of Lukoil's foreign projects in the exploration and production sector is its subsidiary Lukoil Overseas.
Lukoil participates in the implementation of 16 projects for the exploration and development of structures and deposits in the following countries:
- Azerbaijan (D-222 (Yalama), Shah Deniz);
- Kazakhstan (Tengiz, Karachaganak, Kumkol, Karakuduk, North Buzachi, Alibekmola, Kozhasay, Arman, Zhambay South, Atash, Tyub-Karagan);
- Uzbekistan (Kandym-Khauzak-Shady, Aral, Kungrad, South-West Gissar);
- Egypt (Meleiha, WEEM block, West Geisum, North-East Geisum);
- Iraq (West Qurna -2);
- Colombia (the Condor project in conjunction with the Colombian state company Ecopetrol);
- Côte d'Ivoire (production sharing agreement on the offshore block CI-205 in the Gulf of Guinea)
- Venezuela (Junin Block 3);
- Ghana (Cape Three Points Deepwater)
- Romania
Production of hydrocarbons from all of the above projects is carried out only in Kazakhstan (5.5 million tons of oil and 1.9 billion cubic meters in 2006) and Egypt (0.2 million tons).
Oil and gas processing
Lukoil owns seven refineries with a total capacity of 58 million tons of oil per year, as well as two mini-refineries.
| A country | Name | Playground | Launch year | Acquisition year | Capacity, million tons |
|---|---|---|---|---|---|
| Lukoil-Nizhegorodnefteorgsintez | Kstovo | 1958 | 2000 | 17,0 | |
| Lukoil-Permnefteorgsintez (PNOS) | Permian | 1958 | 1991 | 13,0 | |
| Lukoil-Volgogradneftepererabotka | Volgograd | 1957 | 1991 | 11,0 | |
| Lukoil-Ukhtaneftepererabotka | Ukhta | 1934 | 2000 | 3,7 | |
| Lukoil-Odessa Refinery | Odessa | 1937 | 1999 | 2,8 | |
| Lukoil Neftohim Burgas | Burgas | 1964 | 1999 | 8,8 | |
| Petrotel-LUKOIL | Ploiesti | 1904 | 1998 | 2,4 | |
| ISAB | Priolo Gargallo | 1975 | 2008* | 16,0* | |
| TRN | Vlissingen | 1973 | 2009* | 7,9* |
* - 49% shares (100% shares in 2013) in ISAB, 45% in TRN
The company also includes Korobkovsky, Usinsky, Permsky and Lokosovsky gas processing plants.
In 2007, the company's refineries processed 52,164 thousand tons of oil, including 42,548 thousand tons at Russian refineries. In 2005, the company's gas processing plants processed 2,691 million m³ of gas raw materials and 479 thousand tons of broad fraction of light hydrocarbons.
Speaking at a press conference in New York on October 18, 2006, the president of the company, Vagit Alekperov, announced that Lukoil was refusing to build a new oil refinery in Russia. According to him, "at this stage it is impractical and economically ineffective." At the same time, Lukoil planned to build in Kalmykia a large complex for processing natural gas coming from the fields of the North Caspian with a total cost of over $ 3 billion. The work was supposed to start in spring 2008. Also in March 2007 it was announced that Lukoil was going to expand the capacity of the refinery in the Bulgarian city of Burgas from 7.5 million tons to 10 million tons of oil per year.
Petrochemistry
The subsidiary company Lukoil-Neftekhim operates the petrochemical plants Stavrolen (Budennovsk), Saratovorgsintez, Karpatneftekhim (Kalush, Ukraine). Petrochemical facilities are also part of the Neftohim Burgas plant in Bulgaria. Lukoil is the largest producer of olefins, acrylic acid nitrile (raw materials for the production of synthetic fibers) in Eastern Europe. Also, together with Sibur, Lukoil-Neftekhim owns a controlling stake in the Polief plant.
In 2005, the petrochemical enterprises of Lukoil-Neftekhim produced 1.8 million tons commercial products, including 402 thousand tons of polyethylene, 128 thousand tons of acrylic acid nitrile. In addition, the Bulgarian oil refinery Lukoil Neftochim Burgas produced 372.5 thousand tons of petrochemical products.
The most important promising project of Lukoil in the field of petrochemicals is the construction of the Caspian gas chemical complex (it is expected that it will use the resources of natural gas and gas condensate produced by the company on the shelf of the Caspian Sea). It is assumed that the enterprise will produce a wide range of petrochemical products, including products of basic organic synthesis, polyethylene, polypropylene, etc.
Transportation
Most of the oil produced by Lukoil in Russia is transported through Transneft pipelines, as well as by rail and water transport. Oil produced at the company's fields in Kazakhstan is transported, including through the pipeline of the Caspian Pipeline Consortium (CPC).
Lukoil owns a number of oil and oil product terminals used to export oil and oil products:
Sales
Lukoil's petroleum product distribution network covers 19 countries of the world, including Russia, the CIS countries (Azerbaijan, Belarus, Georgia, Moldova, Ukraine), European countries (Belgium, Bulgaria, Hungary, Cyprus, Latvia, Lithuania, the Netherlands, Poland, Serbia , Romania, Croatia, Montenegro, Czech Republic (in 2008 there were 44 gas stations under the JET trademark), Estonia and the USA The company owns 199 oil depots and 5830 gas stations.
Retail for the most part, oil products are sold under the Lukoil trademark (LUKOIL - abroad). In the USA, some of the company's filling stations operate under the Getty and Mobil brands.
In July 2008, Lukoil agreed to purchase the Turkish company Akpet, which owns 693 filling stations, eight oil product terminals, five storage facilities for liquefied natural gas, three aviation refueling complexes and a plant for the production and packaging of motor oils in Turkey. The deal was worth just over $ 500 million.
Power engineering
Lukoil owns a significant number of small power plants and other power plants. The company's own energy capacities for 2009 included 463 generating plants with a capacity of 337 MW. These generating capacities provided 6.1% of the company's energy needs in 2008.
In addition, Lukoil controls 100% of the shares of Lukoil-Ecoenergo (Southern Generating Company - TGK-8).
Performance indicators
Lukoil's average daily hydrocarbon production in 2008 was 2.194 million barrels. n. e. / day; refining volume - 1.127 million barrels per day. The output of oil products in 2008 (excluding mini-refineries and Sicilian refineries ISAB) increased by 7.4% compared to 2007 and amounted to 52.5 million tons. The total volume of sales of oil and oil products in 2008 amounted to 134.7 million tons (an increase of 2.1% over the previous year).
In 2007, the number of Lukoil employees increased by 1.9% to 151.4 thousand people compared to 2006 (148.6 thousand). ...
The company's revenue for 2013 according to US GAAP amounted to $ 141.5 billion (for 2012 - $ 139.17 billion), EBITDA - $ 19.3 billion ($ 18.9 billion), net profit - $ 7.8 billion ($ 11 billion).
Subsidiaries
Lukoil owns or otherwise controls the following major entities.
LUKOIL is an oil company that deals with different kinds Activities: exploration of oil and gas, their production, production of oil products and petrochemical products, as well as its marketing. In our country, the company is developing in Western Siberia, its activities are widely represented in such foreign countrieslike Kazakhstan, Azerbaijan, Uzbekistan, Saudi Arabia, Egypt, Iran, Iraq, Venezuela, Colombia and others. LUKOIL ranks second (after Rosneft) among Russian oil companies in terms of hydrocarbon production.
LUKOIL refines oil at seven large oil refineries and at two mini-refineries. However, in Russia there are only four large factories: in Volgograd, Nizhny Novgorod, Perm and Ukhta, the rest are located abroad: in Ukraine, Romania and Bulgaria. Today Lukoil oil is one of the most popular brands both in Russia and abroad.
LUKOIL owns a 45% stake in the Total Raffinaderij Nederland (TRN) refinery in Holland and a 49% stake in the ISAB refinery in Italy.
LUKOIL's products are sold in 27 countries, including Russia, neighboring countries, the United States and Europe. The greatest demand is for developed countries Western Europe and the US calls for aviation fuel to be shipped to major airports.
LUKOIL is a joint stock oil company. The largest block of its shares, in the amount of 20%, belongs to the permanent president of the company, Vagit Alekperov, a block of shares in the amount of 9.27% \u200b\u200bbelongs to another large shareholder - Leonid Fedun. Many shares are in free float individuals... The authorized capital of the oil company LUKOIL is 21,264,081 rubles. 37.5 kopecks At the moment, the company has issued 850,563,255 shares.
The company's annual profit is more than $ 10 billion, the annual production is about 100 million tons of oil and about 25 billion cubic meters of gas. LUKOIL ranks second among private oil and gas companies in the world in terms of oil and gas production.
The company's shares are liquid not only in the Russian trading platform MICEX-RTS, but also on the London and New York stock exchanges.
From the history of LUKOIL
In 1991, by a government decree, the state oil concern LangepasUraiKogalymneft was created (abbreviated as LUKOIL, the name is made up of the first letters of the names of the components and the English version of the word "oil"), it included smaller structures: Langepasneftegaz, Urayneftegaz and Kogalymneftegaz "in the Khanty-Mansiysk Autonomous Okrug.
Later, in 1993, LUKOIL from the state oil concern LangepasUraiKogalymneft was transformed into an open joint-Stock Company Oil company "LUKoil".
When LUKOIL was transformed into an open joint-stock company, its authorized capital included controlling stakes in 18 largest oil companies in Volgograd, Tyumen, Perm, and others.
A voucher in Russia made it possible in 1994 to buy out LUKOIL shares during the privatization of the enterprise. As a result of the auction, only 45% of the oil company's shares were transferred to the state. Later, in 1995, during the secondary share issue, the state's share was washed out. The last 7.6% of shares owned by the state were auctioned in 2004 by the American company ConocoPhillips.
In 2002, when placing shares on the London stock exchange, it was officially announced about the existing structure of the company and that its management is carried out by a team formed during the privatization: V. Alekperov, L. Fedun, S. Kukura, R. Maganov, R. Safin and others.
Today LUKOIL is a vertically integrated oil company. The company has acquired its capacities, both in oil production and oil refining since its inception.
The company began its first attempts to enter the foreign oil products market in the mid-90s. For example, in 1994 LUKOIL bought a 10% stake in the Azeri-Chirag-Guneshli project in Azerbaijan. In 1995, the company took part in projects in Egypt and Kazakhstan.
Since 2001, LUKOIL has been expanding its sales network abroad. To this end, he bought a network of gas stations located in the United States and Europe. Today, LUKOIL is targeting the Middle East, Eastern Europe, the Mediterranean and the United States. In particular, in 2009 LUKOIL won a tender for the development of one of the fields in Iraq. The share of the Russian oil company in its development amounted to 56.25%, and later, by purchasing the share of the Norwegian company Statoil, LUKOIL increased its part of the project to 75%.
In 2009-2011, LUKOIL managed to take a strong position in the development of Kazakhstani oil in the Caspian region and raise its share of participation from 46% to 100%, which means that oil production in this region is sovereign.
LUKOIL has powerful oil terminals located in the ports of Vysotsk and Varandey.
The company seeks to take part in the development of gas fields located in Saudi Arabia and Uzbekistan (Kandym-Khauzak-Shady - gas condensate field).
LUKOIL also takes part in the development of Russian gas. Thanks to an agreement with Gazprom, it receives blue fuel from the Nakhodkinskoye field. In the near future, the company plans to launch a petrochemical complex in the Stavropol Territory, the main feedstock of which will be associated petroleum gas (APG) from the developed Caspian field. The complex under construction will include a gas pipeline with a capacity of 5 billion cubic meters per year, it will run from the Caspian Sea to the Georgievskaya station, located in the Stavropol Territory. The main link in this complex will be a gas processing plant under construction in Budennovsk (Stavropol Territory). The construction of this complex, which today is one of the largest in Russia, according to preliminary data, is estimated at almost $ 4 billion, of which the GPP alone costs $ 2 billion.
Company establishment: the company was established on November 25, 1991 by a decree of the USSR Council of Ministers as a state oil concern. Thus, the enterprises Langepasneftegaz, Urayneftegaz and Kogalymneftegaz merged, the first letters of which formed the abbreviation LUK in the name of OJSC LUKoil. In 1993, the state concern was transformed into an open joint stock company.
Field of activity: exploration, production and processing of oil and natural gas, production of petroleum products with subsequent sale.
Full title: Open Joint Stock Company Oil Company LUKoil.
LUKoil's head office is located in Moscow, with headquarters in the East Meadow, suburb of New York (USA).
In 2007, the company entered the top 100 largest trademarks in the world. LUKoil is currently taking part in 16 oil projects around the world. Among other countries, Saudi Arabia, Iraq and Venezuela are in the area of \u200b\u200binterest.
The company provides substantial sponsorship support to the Russian Olympic Committee and financially supports sports teams.
LUKoil in faces
The president of the company is Vagit Alekperov.
Chairman of the Board of Directors - Valery Greifer.
Contact Information
Russia, 101000, Moscow, Sretensky Boulevard, 11
Tel .: (+7 495) 627 4444
Fax: (+7 495) 625 7016
Telex: 612 553 LUK SU
As Forbes found out, the oil tycoon owns a Dutch manufacturer of high-speed ocean yachts.
As it became known to Forbes, the president and main shareholder of Lukoil Vagit Alekperov is the owner renowned manufacturer high-speed ocean yachts - Heesen Yachts, which was founded in 1978 in the harbor city of Oss in the Netherlands. An acquaintance of Lukoil shareholders told Forbes about this and confirmed a source in the yacht market.
According to Heesen Yachts, the company is part of the Morcell group of companies. This Cypriot company is owned by the Vela fund, registered in the British Virgin Islands (beneficiaries are not disclosed). Before the company became owned by Vela fund, it was owned by Stenham Trustees, whose beneficiaries were Vagit Alekperov and his partner in Lukoil, Leonid Fedun.
The directors of Morcell are still people close to Lukoil shareholders. All three - Irina Gizikova (was an employee of Lukoil), Natalya Sorokina and Simon Graham - worked for Lancaster Trustees, which served the family office of the oil company's shareholders and participated in the deal with the billion-dollar fund Hadar. Chief Financial Officer Morcell is Anna Shulyakovskaya. According to her LinkedIn profile, she previously worked as chief economist at Lukoil-Kaliningradmorneft for over seven years. Heesen Yachts confirmed that the owner of the company is Vela fund, but they do not name its beneficiaries. Lukoil declined to comment.
The owner of the Burevestnik Group holding, Andrei Boyko, says that the Heesen Yachts brand is very well promoted and well known in the market, the company is one of the five best in the world. “The peculiarity of the shipyard is that their yachts are made of aluminum. It is strong and light at the same time, it allows you to build very fast ocean yachts, ”says Nikita Gorchakov, founder of the yacht portal itBoat.com. An additional feature of Heesen Yachts projects is that the company does not build yachts less than 30 meters, and clients choose an individual design of both the vessel itself and its interior.
The manufacturer fulfills any whim of the buyer - fountains inside ships, golden plumbing or furniture upholstery made of rare animal skins.
Among the clients of the Heesen Yachts shipyard are the Sultan of Brunei, the sheikhs of Kuwait, Indian tycoons, but mostly Russian billionaires. One of the yachts - the fifty-meter Galactica - belonged to Alekperov himself, among other buyers from Russia - Suleiman Kerimov, who owns the 36.8-meter yacht Millenium, the founder of the PIK construction group Kirill Pisarev, who ordered the 47-meter yacht 4YOU (he later sold it to the deputy Moscow City Duma Alexander Milyavsky), as well as the former senator and shareholder of the alcohol company "Synergy" Valentin Zavadnikov, who bought the 55-meter yacht Quinta Essentia.
Mark Cavendish, Marketing and Sales Director of Heesen Yachts, told the South China Morning Post that all ten yachts built in 2013 were sold to clients from Russia, 9 out of 12 in 2014 were also bought by wealthy Russians. Alexander Boyko explains that domestic businessmen love to buy large yachts. In his opinion, similar business quite delicate, as clients demand to keep the anonymity of the yacht owner. At the same time, he is confident that building yachts for entrepreneurs is not just fun.
The financial results of Heesen Yachts confirm this. The company is profitable, in 2013 it earned € 5.2 million. The founder of Heesen Yachts Franz Hiesen sold his business back in 2008. According to the Dutch publication De Verdieping Trow, then the cost of the shipyard was € 100 million.
Morcell also controls other assets, including Seaway Heavy Lifting (SHL), the owner of huge crane vessels with a lifting capacity of up to 5,000 tons. The company has two similar ships - "Stanislav Yudin" and "Oleg Strashnov". The cost of building the latter cost more than $ 180 million. SHL is also associated with Alekperov - Pavel Sukhoruchkin, one of the family office employees of the oil tycoon who managed the assets of the Hadar Fund, worked for SHL Contracting UK. Morcell earned € 125 million last year from the sale of a controlling stake in the oil and gas sea carrier OEG Offshore Group to the US investment company KKR ($ 100 billion under management).
Alekperov is not the first time interested in offshore assets. According to Spanish media reports, employees of the billionaire's family office (in particular, Sukhoruchkin) in 2010 financed 75% of investments in the seaport in the capital of Catalonia - Marina Port Vell (Spain). These funds passed through the Salamanca investment group (assets of € 5.4 billion). In the latter, Forbes reported that it has already invested over € 60 million in the reconstruction of the port. However, they did not comment on Alekperov's participation in Salamanca. The investment is needed to build the largest yacht dock in Europe, which would allow mooring for vessels up to 120 m in length.