Moscow
MIN +12
MAX +19
Partly Cloudy / 02:00 PM / Traffic

Alexander Novak

Alexander Novak

22 May 2012

In a new Cabinet whose composition was widely leaked in advance, Alexander Novak's elevation to the crucial energy portfolio came as one of the biggest surprises.

In 2008, Novak moved from his role as a deputy governor of  the Krasnoyarsk region to the Finance Ministry in Moscow to become a deputy finance minister under Alexei Kudrin.

Sources at oil and gas companies said Novak's appointment to the job of energy minister was unexpected and one former executive from a top company, who requested anonymity to speak freely, said he had never even heard of Novak.

Prior to his stint in regional government in Russia, the Moscow State University graduate was based above the Arctic Circle in the city of Norilsk, where he worked in both business and politics for 14 years.

The attention of experts was drawn immediately to Novak's background in the Finance Ministry, which has long battled to squeeze as much revenue as possible from mineral extraction and oil and gas exports for the state's coffers.

"The key issue for the energy industry right now is tax reform and tariff regulation, and if [Novak] can improve the relationship with the Finance Ministry, that can only be helpful," the former energy executive said.

-

Alexander Novak (Александр Валентинович Новак) 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.

TurkStream Pipeline Risks Delays If Russia, Turkey Fail to Sign Agreement

Russian Energy Minister Alexander Novak said on Wednesday there was a risk construction of an underwater pipeline to Turkey could be delayed if a related intergovernmental agreement was not signed soon

Russia Says to Discuss Oil Markets, Iran With OPEC on July 30

Russia and OPEC Secretary-General Abdullah al-Badri will discuss oil markets and the Iran situation in Moscow on July 30 amid sliding oil prices.

Russian Efforts to Bypass Ukraine Gas Route Stall as Saipem Deal Off

Russia's plans to drop Ukraine eventually as a route for piping its natural gas to Europe have hit a snag after Russian gas exporter Gazprom called off a deal with Italy's Saipem to build a subsea link to Turkey.

Russia-Ukraine Gas Talks Fall Apart with No Agreement on Pricing Plan

Gas supply talks between Russia and Ukraine fell apart on Tuesday after energy officials were unable to agree on a pricing plan for the next quarter.

Russia, Saudi Arabia Sign Nuclear Energy Cooperation Deal

Saudi Arabia and Russia have signed an agreement to cooperate on nuclear energy development, a Saudi government body in charge of such projects said.

Russia and Greece Band Together to Build Turkish Stream Pipeline

Greece and Russia signed a memorandum on Friday on extending the planned Turkish Stream gas pipeline to Europe through Greek territory.

print



Most Read

advertising
Moscow Directory