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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.

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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.

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