Alexander Novak

Alexander Novak

22 May 2012

Ina new Cabinet whose composition was widely leaked inadvance, Alexander Novak's elevation tothe crucial energy portfolio came as one ofthe biggest surprises.

In2008, Novak moved from his role as adeputy governor of the Krasnoyarsk region tothe Finance Ministry inMoscow tobecome adeputy finance minister under Alexei Kudrin.

Sources atoil andgas companies said Novak'sappointment to the job of energy minister was unexpected andone former executive froma top company, who requested anonymity tospeak freely, said he had never even heard ofNovak.

Prior tohis stint inregional government inRussia, theMoscow State University graduate was based above theArctic Circle inthe city ofNorilsk, where he worked inboth business andpolitics for14 years.

Theattention ofexperts was drawn immediately toNovak's background inthe Finance Ministry, which has long battled tosqueeze as much revenue as possible frommineral extraction andoil andgas exports forthe state's coffers.

"The key issue forthe energy industry right now is tax reform andtariff regulation, andif [Novak] can improve therelationship with theFinance Ministry, that can only be helpful," theformer energy executive said.

-

Alexander Novak ( ) was born on August 23, 1971 in the town of Avdeyevka, Ukraine.

Education: Economics and Steel Industry Management, Norilsk Industrial Institute, 1993; Management, Moscow State University, 2009

1988-1997: Worked at Norilsk Nickel (Zavenyagin Steel Combine in Norilsk) as a hydrometallurgy machine operator, technician, assistant engineer for labor efficiency and wages, economic expert and head of the accounts department at the finance office

1997-1999: Department head, board head, deputy director for economics, Norilsk Nickel

1999-2000: Deputy director for economics and board head, deputy director for personnel and board head, Norilsk Nickel Transpolar Branch

2000-2002: Norilsk deputy mayor for economics and finance, Norilsk first deputy mayor

2002-2007: Deputy governor of the Krasnoyarsk region in charge of the region's central finance board

July 2007-July 2008: First deputy governor of the Krasnoyarsk region

July-September 2008: Prime minister of the Krasnoyarsk region

September 2008-May 2012: Deputy finance minister

May 2012-present: Energy minister in Prime Minister Dmitry Medvedev's Cabinet

Novak is married and has two children.

Greece and Russia to Sign New Oil Supply Deal

State energy company Rosneft is to sign a new deal supplying Greece with oil, the RBC news outlet reported Thursday.

Russian Energy Minister: New Crimean Blackout Prevented

Power supplies have been restored to Crimea after the peninsula was struck by a power outage earlier on Friday, Russian Energy Minister Alexander Novak told journalists, the TASS news agency reported.

Russia's Oil 'Freeze' Proposal Is Nothing But Domestic PR

Over the last month the oil market has been torn between conflicting statements. Most recently, Qatar's government announced that it would host a meeting to discuss a freeze of crude production.

Russia, OPEC Countries Agree on Oil Production Freeze

Russia, Venezuela, Qatar and Saudi Arabia have agreed to freeze oil production at January levels provided that other producers join the initiative, the Energy Ministry said, the Interfax news agency reported.

Activists Block Crimea Power Line Relaunch

Activists have prevented Ukrainian repair crews from relaunching one of the four power lines supplying Crimea with electricity from the mainland, Russian and Ukrainian media reported Monday.

Putin to Turkey on Warplane: 'You'll Regret It'

Russian President Vladimir Putin used his state of the nation speech on Thursday to threaten further reprisals against Turkey, as the clash continued to escalate between the two countries.

print



Most Read

advertising
Moscow Directory
DELIKATNY PEREEZD

Local & intercity moves...

ACE INTERNATIONAL MOVING

Worldwide International Moving Services...