Vladimir Bogdanov, General Director of Surgutneftegaz: the story of the growth of a billionaire and a workaholic. Vladimir Bogdanov withdrew $15 billion from Surgutneftegaz Compromising materials and mentions in the media

Vladimir Bogdanov was born on May 28, 1951 in the village of Suerka, Uporovsky district, Tyumen region. In 1973 he graduated from the Tyumen Industrial Institute with a degree in Oil and Gas Well Drilling, engineer. In 1990 he graduated from the Academy of National Economy under the Council of Ministers of the USSR. Doctor of Economic Sciences. Full member of the Academy of Mining Sciences and the Academy of Natural Sciences, corresponding member of the Academy of Technological Sciences of the Russian Federation.

From 1973 to 1976, he worked his way up from an assistant driller to a shift supervisor at the CITS Nizhnevartovsk Drilling Department. In 1976 he was transferred to Surgut UBR-2 as a technologist. In 1978, Vladimir Bogdanov held the position of deputy head of the drilling department of the Yuganskneftegaz PA. And since 1980, he was appointed Deputy General Director for Drilling at Surgutneftegaz Production Association.

In 1983 - Deputy Head of Drilling at Glavtyumenneftegaz. He worked in oil producing enterprises of Nizhnevartovsk, Nefteyugansk and Surgut. In 1984 he headed the production association "Surgutnefegaz".

From 1985 to 1993 - deputy of the Tyumen Regional Council of People's Deputies. From 1990 to 1993 - deputy of the Supreme Council of the RSFSR. Since 1993 - General Director of the open joint-stock company "Surgutneftegaz". Since 1994 - deputy of the Khanty-Mansi Autonomous Okrug Duma, member of the standing commission on regional policy. Since 1994 - Chairman of the Board of Directors of Surgutneftegazbank. Since 1994 - member of the boards of directors of OJSC Kirishinefteprodukt, OJSC Lennefteprodukt, OJSC Neftebaza Ruchi, OJSC Krasny Neftyanik, OJSC Onegoneft.
From 1994 to August 1996, he was a member of the board of directors of OJSC Nefto Combi.

Since 1995, Vladimir Bogdanov has held the position of president and chairman of the board of directors of the non-state pension fund "Surgutneftegaz". From April 1996 to June 1999 - member of the board of directors of Mosbusinessbank OJSC. Since October 1996 - member of the board of directors of ONEXIMbank.

Since May 1996 - Chairman of the Boards of Directors of CJSC Surgutfondinvest and CJSC Neft Invest. Since April 1997 - member of the board of directors of OJSC Nafta Moscow. On June 5, 1998, he signed a joint statement by leading Russian entrepreneurs, “Appeal from Representatives of Russian Business,” regarding the economic situation in the Russian Federation.

Since April 1999 - member of the Council of Issuers under the Federal Securities Commission. Since June 1999 - member of the presidium of the political council of the Interregional socio-political association "YUGRA". Since October 2000 - member of the Entrepreneurship Council under the Government of the Russian Federation. In December 2000, he became Sergei Sobyanin's confidant in the elections for governor of the Tyumen region. January 14, 2001 - deputy of the Duma of the Khanty-Mansi Autonomous Okrug of the third convocation in electoral district No. 17, receiving 91.46% of the votes. In the elections he was supported by the Interregional socio-political movement "YUGRA". Member of the Standing Committee on Regional Policy.

In April 2001, he became a member of the organizing committee of the public association of entrepreneurs "Business Russia". Full member of the Academy of Mining Sciences. Full member of the Academy of Natural Sciences. Corresponding member of the Academy of Technological Sciences of the Russian Federation.

For his contribution to the development and establishment of the Russian oil industry, Vladimir Leonidovich Bogdanov was awarded the honorary titles: “Honored Worker of the Oil and Gas Industry of the Russian Federation”, “Honored Worker of the Fuel and Energy Complex”, “Honored Worker of the Oil and Gas Industry of the Khanty-Mansiysk Autonomous Okrug”.

Bogdanov was awarded many state awards, including the orders: "Badge of Honor", Red Banner of Labor, "For Services to the Fatherland", "For Services to the Fatherland", Order of Honor of the Republic of Belarus, as well as the medal "For the development of subsoil and the development of the oil and gas complex Western Siberia".

Bogdanov Vladimir Leonidovich was born on May 28, 1951 in the village of Suerka, Uporovsky district, Tyumen region. In 1973 he graduated from the Tyumen Industrial Institute with a degree in Oil and Gas Well Drilling.

From 1973 to 1976 - assistant driller, driller, senior technical engineering engineer, deputy head of the technological department, shift supervisor of the Center for Drilling Operations of the Nizhnevartovsk Drilling Operations Department (city of Nizhnevartovsk, Khanty-Mantiysk Autonomous Okrug).

In 1976 he was transferred to Surgut UBR-2 as a technologist.

In 1978 - Deputy Head of the Drilling Department of the Yuganskneftegaz Production Association. Since 1980 - Deputy General Director for Drilling at Surgutneftegaz Production Association. In 1983 - Deputy Head of Drilling at Glavtyumenneftegaz. He worked in oil producing enterprises of Nizhnevartovsk, Nefteyugansk and Surgut.

In 1984, he headed the Surgutnefegaz production association, which was later transformed into a joint-stock company.

From 1985 to 1993 - deputy of the Tyumen Regional Council of People's Deputies. From 1990 to 1993 - deputy of the Supreme Council of the RSFSR. Since 1993 - General Director of the open joint-stock company "Surgutneftegaz". Since 1994 - deputy of the Khanty-Mansi Autonomous Okrug Duma, member of the standing commission on regional policy.

Since 1994 - Chairman of the Board of Directors of Surgutneftegazbank.

Since 1994 - member of the boards of directors of OJSC Kirishinefteprodukt, OJSC Lennefteprodukt, OJSC Neftebaza Ruchi, OJSC Krasny Neftyanik, OJSC Onegoneft.

From 1994 to August 1996 - member of the board of directors of OJSC Nefto Combi. Since 1995 - president and chairman of the board of directors of the non-state pension fund "Surgutneftegaz".

From April 1996 to June 1999 - member of the board of directors of Mosbusinessbank OJSC. Since October 1996 - member of the board of directors of ONEXIMbank.

Since May 1996 - Chairman of the Boards of Directors of CJSC Surgutfondinvest and CJSC Neft Invest. Since April 1997 - member of the board of directors of OJSC Nafta-Moscow.

Since April 1999 - member of the Council of Issuers under the Federal Securities Commission. Since June 1999 - member of the presidium of the political council of the Interregional socio-political association "YUGRA". Since October 2000 - member of the Entrepreneurship Council under the Government of the Russian Federation.

In December 2000, he became Sergei Sobyanin's confidant in the elections for governor of the Tyumen region. January 14, 2001 - deputy of the Duma of the Khanty-Mansi Autonomous Okrug of the third convocation in electoral district No. 17, receiving 91.46% of the votes. In the elections he was supported by the Interregional socio-political movement "YUGRA". Member of the Standing Committee on Regional Policy.

In April 2001, he became a member of the organizing committee of the public association of entrepreneurs “Business Russia”.

In 1990 he graduated from the Academy of National Economy under the Council of Ministers of the USSR.

Doctor of Economic Sciences. Full member of the Academy of Mining Sciences and the Academy of Natural Sciences, corresponding member of the Academy of Technological Sciences of the Russian Federation.

Full member of the Academy of Mining Sciences. Full member of the Academy of Natural Sciences. Corresponding member of the Academy of Technological Sciences of the Russian Federation.

For his contribution to the development and establishment of the Russian oil industry, Vladimir Bogdanov was awarded the honorary titles: “Honored Worker of the Oil and Gas Industry of the Russian Federation” (1993), “Honored Worker of the Fuel and Energy Complex” (1999), “Honored Worker of the Oil and Gas Industry of the Khanty-Mansiysk Autonomous districts" (2000).

Bogdanov was awarded many state awards, including the orders: “Badge of Honor” (1981), Red Banner of Labor (1986), “For Services to the Fatherland” 3rd and 4th degree (1997 and 2001), Order of Honor of the Republic of Belarus (2001), medal “For the development of subsoil and the development of the oil and gas complex of Western Siberia” (1984).

In October 1996, he was Alexander Filipenko's confidant in the gubernatorial elections in the Khanty-Mansiysk Autonomous Okrug. In December 2000, he became Sergei Sobyanin's confidant in the elections for governor of the Tyumen region.

In 1996, he supported the off-budget election fund of Russian President Boris Yeltsin.

Vladimir Bogdanov is married and has an adopted daughter

Dossier:

Vladimir Bogdanov was defeated in the fight with Akhmed Belalov and Suleiman Kerimov for a large stake in Nafta-Moscow when the privatization of the company began. By that time, Bogdanov owned a blocking stake of 15%. Kerimov first bought out the shares of management and private shareholders, then a stake in Surgutneftegaz in Nafta-Moscow. For some time, Nafta continued to provide Surgutneftegaz with trading services for the sale of oil for export to Germany and through Novorossiysk (“Nafta” had the status of a special exporter, but Surgutneftegaz did not), but in 2001 Bogdanov refused the services “ Nafta,” explaining his position by saying that he could not agree with Kerimov on commissions. After this, Surgutneftegaz export supplies were carried out through a specially created own division.

Sources: www.flb.ru from 10/04/2001, “Version” from 06/06/2000


In 1999, Bogdanov surprised society by documenting his profit, which amounted to almost $1 billion - previously none of his colleagues had dared to make such a revelation.

Source: NSN from 02/05/2001


In 2000, Bogdanov had a conflict with the management of Transneft. “Surgutneftegaz” bypassed export barriers and carried oil “past the pipeline”. Transneft was indignant at the company's independent export, outside of Transneft's schedule, since it suffered significant losses from independent export: then Surgutneftegaz pumped 3,500 km through a pipe at the domestic tariff and, instead of refining, sent the oil for export. Transneft then initiated legal proceedings and Surgutneftegaz was reduced in oil transportation volumes. In the courts, Transneft tried to force Surgutneftegaz to pay the export tariff for transporting the corresponding volumes of oil.

Source: Vedomosti from 07/12/2001


The figure of Vladimir Bogdanov is called odious. He can afford to swear at his subordinates, fires them for the slightest offenses, his company encourages mutual denunciations among employees, and sets fines for minor offenses. During the visit of Alfred Koch, who at that time held the position of head of the State Property Committee, to the Moscow office of Surgutneftegaz, employees were prohibited from leaving their offices during the day and they were forced to starve and urinate in jars specially brought from home. They also said that Vladimir Bogdanov was a sponsor of the German CDU (Christian Democratic Union) party.

Source: APN dated July 18, 2001


At the end of 2001, Vladimir Bogdanov planned to take part in the auction for the sale of a share of Slavneft shares owned by the government of Belarus. In this case, Bogdanov’s competitor was the management of Slavneft. At the last moment, Bogdanov abandoned the auction because he did not dare to confront the serious Moscow lobby led by Alexander Voloshin, TNK and Sibneft. During the privatization, Slavneft was managed by Sibneft managers, they owned large blocks of shares in Slavneft and its subsidiaries, and the results of the auction were obvious to Bogdanov.

Source: www.flb.ru from l2.04.2002


In the mid-90s, Vladimir Bogdanov had a conflict with the Tambov criminal group - Vladimir Kumarin actually took away his entire St. Petersburg business from Bogdanov. “Surgutneftegaz” had 2 oil depots in St. Petersburg - “Ruchi” and “Krasny Neftyanik”, the company “Nefto-Kombi”, which controlled the gasoline market in St. Petersburg, and “Lennefteprodukt” (100 gas stations in the Leningrad region and 22 oil depots). Over the course of several years, Kumarin, with the support of the Government of St. Petersburg, ousted Bogdanov from the fuel market: Bogdanov was blamed for the gasoline crises. At the same time, the St. Petersburg Fuel Company was created. Its owners were documented to be the mayor's office of St. Petersburg, the Baltic Shipping Company, the Sea Port, and the Pulkovo airline. In fact, the PTK had three owners: the leader of the Malyshevskaya organized crime group, Alexander Malyshev, the leader of the Tambov organized crime group, Vladimir Kumarin, and Ilya Traber. They established control over Surgutneftegaz enterprises through purchase and sale agreements. As a result, PTK was left with one owner - Vladimir Kumarin, and Bogdanov lost his business in the North-West.

Source: “Leningradskaya Pravda” from 05/26/2003


Structures of the Tyumen Oil Company also attempted to attack Bogdanov’s company. In 2003, the shares of Surgutneftegaz began to be bought by the Sovlink company, acting in the interests of TNK.

Source: Gazeta.ru from 04/16/03


They said that it was Vladimir Bogdanov who was behind the Baikalfinance Group company, which in 2004 won the auction for Yuganskneftegaz. “Baltfinancegroup” was represented by people from “Surgutneftegaz” - head of the department of organizational structures of “Surgutneftegaz” Igor Minibaev and first deputy head of the financial department Valentina Komarova. It was possible that in this way Bogdanov decided to help Gazprom and acquired Yuganskneftegaz in its interests. Gazprom itself could not acquire the company - an American court banned it from participating in the auction. Bogdanov could acquire Yuganskneftegaz for its subsequent sale to Gazprom, thereby not violating the US ban.

Source: www.newsru.com from December 21, 2004


Officially, Vladimir Bogdanov owns less than one percent of the shares of Surgutneftegaz, but in fact, after a loans-for-shares auction in 1995, Bogdanov received sole control of the company. Vladimir Potanin helped Bogdanov - ONEXIMBANK acted as guarantor for NPF Surgutneftegaz at the loans-for-shares auction. As a token of gratitude, Bogdanov kept his accounts in Potanin's bank for several years. In the mid-90s, Bogdanov enlisted the support of the owners of Nafta-Moskva and exported oil through it.

Vladimir Bogdanov attracted lobbyists who supported his interests in the Government. One of them is Gennady Timchenko. Largely thanks to him, Surgutneftegaz signed an agreement with Rosneft and Gazprom on the joint development of Eastern Siberia and received the Yakut Talakan field without a tender.

Source: Russian Forbes, April 2004


Foreign companies Hermitage Capital Management, Firebird Management and Prosperity Capital Management, together with the Association for the Protection of Investor Rights, once filed lawsuits seeking recognition of 62% of Surgutneftegaz shares as treasury and subject to write-off. The companies were minority shareholders of Surgutneftegaz and in the lawsuit they referred to the fact that Surgutneftegaz cannot keep its own shares on its balance sheet for more than a year - it is obliged to sell or redeem them, and that the scheme with “cross” share ownership is illegal. The Khanty-Mansiysk District Court, and then the Federal Arbitration Court of the West Siberian District, rejected the claims. In January 2005, minority shareholders sent a similar claim to the Supreme Arbitration Court (SAC), but the decision was also not in their favor. Surgutneftegaz commented on the lawsuit initiative as follows: funds like the Association for the Protection of Investor Rights need to show their importance to clients.

The wealthiest resident of the administrative center of the Khanty-Mansiysk Autonomous Okrug-Ugra. He is co-owner and CEO of the country's largest oil and gas producing public joint stock company "Surgutneftegaz".

Childhood and education of Vladimir Leonidovich Bogdanov

The family of Vladimir Leonidovich lived in the village of Suerka, Uporovsky district, Tyumen region. A future billionaire was born twenty eighth May 1951. At school, he showed organizational skills and diligence in mastering the school curriculum. Vladimir's favorite subjects were physics and mathematics. Teachers remember Volodya Bogdanov as a diligent and hardworking student. He was a true Komsomol leader. Since childhood, he has strived to achieve his goals and also motivated his peers. After school, Bogdanov went to serve in the army.

He received his higher education at the Tyumen Industrial Institute. In 1973, he defended his engineering degree and began working. The billionaire didn't stop there. For his second higher education, he went to the Academy of National Economy under the Council of Ministers of the USSR, and graduated in 1990. In 2000 he received the academic degree of Candidate of Economic Sciences, and three years later - a doctor. Currently he is a full member of the Academy of Mining Sciences, as well as the Academy of Natural Sciences.

Bogdanov's career

The tycoon started his career from the bottom. From 1973 to 1976, he mastered three leading professions in his specialty. A young specialist, rapidly moving up the career ladder. He began working for Surgutneftegaz in 1976. Vladimir Leonidovich went for a promotion. From 1978 to 1980, he conscientiously served as deputy head of the drilling department, deputy general director, and head of production "Yuganskneftegaz" Ministry of Oil Industry of the Soviet Union.

In June 1984, thirty-year-old Bogdanov was appointed to the position of general director of Surgutneftegaz, a joint-stock company since 1993. The general director worked until late at night without days off or vacations. In addition, the head of Surgutneftegaz was actively involved in political activities. From 1985 to 1993 he was a deputy of the Tyumen regional Council of People's Deputies, and from 1990 to 1993 became a deputy of the Supreme Council, later the Duma of the Khanty-Mansiysk Autonomous Okrug.

Governor

From 1990 to 2000, Bogdanov served on the board of directors of many companies. In April 2001, he joined the ranks of entrepreneurs of LLC "Business Russia". From 2009 to 2011, member of the Board of Directors of Rosneft, which belongs to. In 2008 he became one of the independent directors in "Zarubezhneft". In 2012, he joined the commission on strategic development of the fuel and energy complex and environmental safety, which is headed by.


Awards

Bogdanovat the awards ceremony

Bogdanov Vladimir Leonidovich is an honorary citizen of the Khanty-Mansiysk Autonomous Okrug - Ugra, the Leningrad Region, as well as municipalities of the Tyumen Region - the city of Surgut and the Surgut region. He was awarded many honorary titles for his work for the benefit of the Russian oil and gas industry. For high achievements he was awarded orders for services to the Fatherland of the second, third and fourth degrees, and many others. In May 1998 he was included in the list of the ten best directors of enterprises in Eastern Europe, and in December 2000 he was named “entrepreneur of the year”.


In 2016, for special labor merits aimed at ensuring the well-being and prosperity of the Russian Federation, Vladimir Leonidovich was awarded a medal "Hero of Labor of the Russian Federation". On June 12, 2017, in the Kremlin, Bogdanov became the laureate of the state prize for “creating rational systems for the development of oil, oil and gas and gas and oil fields in Western Siberia,” which he presented himself President of Russian Federation.

The head of Surgutneftegaz Vladimir Bogdanov became a Hero of Labor

Compromising evidence and articles in the media

It is not surprising that the personality of the businessman is of interest to many journalists, because his person often appears in ratings of the richest people in the world.

Vladimir Yakushev and General Director of OJSC Surgutneftegaz

The media's opinion is divided. Some consider him a dark horse, while others call him a true hard worker who achieved everything through hard work and diligence. The billionaire himself does not pay attention to the press, does not communicate with journalists, and prefers to keep a low profile. The last time he gave an interview to Forbes magazine was in 2004. The less information journalists know, the more rumors they spread.

Condition of Vladimir Leonidovich Bogdanov

The billionaire is among the top ten largest Russian oligarchs, and also appears in the forefront of the wealthiest residents of Russia. As of 2002, he owned about five billion dollars. Forbes estimated his fortune at only one billion dollars. The media claim that the businessman's company is worth more than fifteen billion dollars. According to Vladimir Leonidovich Bogdanov, he owns insignificant stakes in enterprises: 0.005% of Surgutneftegaz OJSC, 0.122% of Surgutneftegazbank and 0.12% of Mosbusinessbank. As of 2018, its income is $1,800 million. Today, Bogdanov ranks fifty-fifth in the ranking of “The Two Hundred Richest Businessmen in Russia.”

Personal life of Vladimir Bogdanov

In ordinary life, Bogdanov is very modest, despite his colossal earnings. He does not like to talk about his personal life and does not communicate with journalists, which is why he was nicknamed the most private oligarch in the country. In ordinary life, Bogdanov is very modest, despite his colossal earnings. Vladimir Leonidovich believes it is better to walk to work than to drive a luxury car with a driver. He is not afraid to walk without security, he can be found in any store.

It is known that Vladimir Leonidovich was married twice. His second wife's name is Tamara, she is an engineer by training. There are no children of their own. The couple is raising an adopted daughter, Elena. The family lives in Surgut in a simple high-rise building. He tries to spend his vacation in his native parental village, the location of which is unknown. The whole family also tries to visit the resort town of Karlovy Vary. In his free time he likes to read history books and ride a motorcycle.

Bogdanov Vladimir Leonidovich today

Vladimir Leonidovich Bogdanov, also known as "oil general", is currently included in the list of the richest people in Russia. Despite the fact that his income level was declining, Vladimir Leonidovich never stopped exploiting domestic technologies, reducing the dependence of the Russian oil industry on imports. "Surgutneftegaz" is one of the largest oil companies Russian Federation, a city of one hundred thousand workers, is the result of the passion and complete dedication of an engineer to his profession. Thanks to his production policy aimed at preserving service units on a par with drilling and production units, Vladimir Leonidovich is a symbol of social stability and successful development of the city.

Bogdanov Vladimir Leonidovich is a true hard worker who worked towards his goal with hard work and zeal. This extraordinary man made himself, and therefore is an authoritative person for the residents of Yurga. He was able to overcome all the difficulties along the path of life and become one of the wealthiest people in the Russian Federation and the whole world. Few Russian tycoons can boast of having their name in the top ten lists of the Forbes state award. And Vladimir Leonidovich has been included in all the magazine’s lists since 2004.

1973 - graduated from the Tyumen Industrial Institute with a degree in mining engineer for drilling oil and gas wells. In 1990 he graduated from the Academy of National Economy under the Council of Ministers of the USSR. Full member of the Academy of Mining Sciences and the Academy of Natural Sciences.

Bogdanov Vladimir Leonidovich was born on May 28, 1951 in the village of Suerka, Uporovsky district, Tyumen region. In 1973 he graduated from the Tyumen Industrial Institute with a degree in Oil and Gas Well Drilling.

From 1973 to 1976 - assistant driller, driller, senior technical engineering engineer, deputy head of the technological department, shift supervisor of the Center for Drilling Operations of the Nizhnevartovsk Drilling Operations Department (city of Nizhnevartovsk, Khanty-Mantiysk Autonomous Okrug).

In 1976 he was transferred to Surgut UBR-2 as a technologist.

In 1978 - Deputy Head of the Drilling Department of the Yuganskneftegaz Production Association. Since 1980 - Deputy General Director for Drilling at Surgutneftegaz Production Association. In 1983 - Deputy Head of Drilling at Glavtyumenneftegaz. He worked in oil producing enterprises of Nizhnevartovsk, Nefteyugansk and Surgut.

In 1984, he headed the Surgutnefegaz production association, which was later transformed into a joint-stock company.

From 1985 to 1993 - deputy of the Tyumen Regional Council of People's Deputies. From 1990 to 1993 - deputy of the Supreme Council of the RSFSR. Since 1993 - General Director of the open joint-stock company "Surgutneftegaz". Since 1994 - deputy of the Khanty-Mansi Autonomous Okrug Duma, member of the standing commission on regional policy.

Since 1994 - Chairman of the Board of Directors of Surgutneftegazbank.

Since 1994 - member of the boards of directors of OJSC Kirishinefteprodukt, OJSC Lennefteprodukt, OJSC Neftebaza Ruchi, OJSC Krasny Neftyanik, OJSC Onegoneft.

From 1994 to August 1996 - member of the board of directors of OJSC Nefto Combi. Since 1995 - president and chairman of the board of directors of the non-state pension fund "Surgutneftegaz".

From April 1996 to June 1999 - member of the board of directors of Mosbusinessbank OJSC. Since October 1996 - member of the board of directors of ONEXIMbank.

Since May 1996 - Chairman of the Boards of Directors of CJSC Surgutfondinvest and CJSC Neft Invest. Since April 1997 - member of the board of directors of OJSC Nafta-Moscow.

Since April 1999 - member of the Council of Issuers under the Federal Securities Commission. Since June 1999 - member of the presidium of the political council of the Interregional socio-political association "YUGRA". Since October 2000 - member of the Entrepreneurship Council under the Government of the Russian Federation.

In December 2000, he became Sergei Sobyanin's confidant in the elections for governor of the Tyumen region. January 14, 2001 - deputy of the Duma of the Khanty-Mansi Autonomous Okrug of the third convocation in electoral district No. 17, receiving 91.46% of the votes. In the elections he was supported by the Interregional socio-political movement "YUGRA". Member of the Standing Committee on Regional Policy.

In April 2001, he became a member of the organizing committee of the public association of entrepreneurs “Business Russia”.

In 1990 he graduated from the Academy of National Economy under the Council of Ministers of the USSR.

Doctor of Economic Sciences. Full member of the Academy of Mining Sciences and the Academy of Natural Sciences, corresponding member of the Academy of Technological Sciences of the Russian Federation.

Full member of the Academy of Mining Sciences. Full member of the Academy of Natural Sciences. Corresponding member of the Academy of Technological Sciences of the Russian Federation.

For his contribution to the development and establishment of the Russian oil industry, Vladimir Bogdanov was awarded the honorary titles: “Honored Worker of the Oil and Gas Industry of the Russian Federation” (1993), “Honored Worker of the Fuel and Energy Complex” (1999), “Honored Worker of the Oil and Gas Industry of the Khanty-Mansiysk Autonomous districts" (2000).

Bogdanov was awarded many state awards, including the orders: “Badge of Honor” (1981), Red Banner of Labor (1986), “For Services to the Fatherland” 3rd and 4th degree (1997 and 2001), Order of Honor of the Republic of Belarus (2001), medal “For the development of subsoil and the development of the oil and gas complex of Western Siberia” (1984).

In October 1996, he was Alexander Filipenko's confidant in the gubernatorial elections in the Khanty-Mansiysk Autonomous Okrug. In December 2000, he became Sergei Sobyanin's confidant in the elections for governor of the Tyumen region.

In 1996, he supported the off-budget election fund of Russian President Boris Yeltsin.

Vladimir Bogdanov is married and has an adopted daughter

Dossier:

Vladimir Bogdanov was defeated in the fight with Akhmed Belalov and Suleiman Kerimov for a large stake in Nafta-Moscow when the privatization of the company began. By that time, Bogdanov owned a blocking stake of 15%. Kerimov first bought out the shares of management and private shareholders, then a stake in Surgutneftegaz in Nafta-Moscow. For some time, Nafta continued to provide Surgutneftegaz with trading services for the sale of oil for export to Germany and through Novorossiysk (“Nafta” had the status of a special exporter, but Surgutneftegaz did not), but in 2001 Bogdanov refused the services “ Nafta,” explaining his position by saying that he could not agree with Kerimov on commissions. After this, Surgutneftegaz export supplies were carried out through a specially created own division.

Sources: www.flb.ru from 10/04/2001, “Version” from 06/06/2000


In 1999, Bogdanov surprised society by documenting his profit, which amounted to almost $1 billion - previously none of his colleagues had dared to make such a revelation.

Source: NSN from 02/05/2001


In 2000, Bogdanov had a conflict with the management of Transneft. “Surgutneftegaz” bypassed export barriers and carried oil “past the pipeline”. Transneft was indignant at the company's independent export, outside of Transneft's schedule, since it suffered significant losses from independent export: then Surgutneftegaz pumped 3,500 km through a pipe at the domestic tariff and, instead of refining, sent the oil for export. Transneft then initiated legal proceedings and Surgutneftegaz was reduced in oil transportation volumes. In the courts, Transneft tried to force Surgutneftegaz to pay the export tariff for transporting the corresponding volumes of oil.

Source: Vedomosti from 07/12/2001


The figure of Vladimir Bogdanov is called odious. He can afford to swear at his subordinates, fires them for the slightest offenses, his company encourages mutual denunciations among employees, and sets fines for minor offenses. During the visit of Alfred Koch, who at that time held the position of head of the State Property Committee, to the Moscow office of Surgutneftegaz, employees were prohibited from leaving their offices during the day and they were forced to starve and urinate in jars specially brought from home. They also said that Vladimir Bogdanov was a sponsor of the German CDU (Christian Democratic Union) party.

Source: APN dated July 18, 2001


At the end of 2001, Vladimir Bogdanov planned to take part in the auction for the sale of a share of Slavneft shares owned by the government of Belarus. In this case, Bogdanov’s competitor was the management of Slavneft. At the last moment, Bogdanov abandoned the auction because he did not dare to confront the serious Moscow lobby led by Alexander Voloshin, TNK and Sibneft. During the privatization, Slavneft was managed by Sibneft managers, they owned large blocks of shares in Slavneft and its subsidiaries, and the results of the auction were obvious to Bogdanov.

Source: www.flb.ru from l2.04.2002


In the mid-90s, Vladimir Bogdanov had a conflict with the Tambov criminal group - Vladimir Kumarin actually took away his entire St. Petersburg business from Bogdanov. “Surgutneftegaz” had 2 oil depots in St. Petersburg - “Ruchi” and “Krasny Neftyanik”, the company “Nefto-Kombi”, which controlled the gasoline market in St. Petersburg, and “Lennefteprodukt” (100 gas stations in the Leningrad region and 22 oil depots). Over the course of several years, Kumarin, with the support of the Government of St. Petersburg, ousted Bogdanov from the fuel market: Bogdanov was blamed for the gasoline crises. At the same time, the St. Petersburg Fuel Company was created. Its owners were documented to be the mayor's office of St. Petersburg, the Baltic Shipping Company, the Sea Port, and the Pulkovo airline. In fact, the PTK had three owners: the leader of the Malyshevskaya organized crime group, Alexander Malyshev, the leader of the Tambov organized crime group, Vladimir Kumarin, and Ilya Traber. They established control over Surgutneftegaz enterprises through purchase and sale agreements. As a result, PTK was left with one owner - Vladimir Kumarin, and Bogdanov lost his business in the North-West.

Source: “Leningradskaya Pravda” from 05/26/2003


Structures of the Tyumen Oil Company also attempted to attack Bogdanov’s company. In 2003, the shares of Surgutneftegaz began to be bought by the Sovlink company, acting in the interests of TNK.

Source: Gazeta.ru from 04/16/03


They said that it was Vladimir Bogdanov who was behind the Baikalfinance Group company, which in 2004 won the auction for Yuganskneftegaz. “Baltfinancegroup” was represented by people from “Surgutneftegaz” - head of the department of organizational structures of “Surgutneftegaz” Igor Minibaev and first deputy head of the financial department Valentina Komarova. It was possible that in this way Bogdanov decided to help Gazprom and acquired Yuganskneftegaz in its interests. Gazprom itself could not acquire the company - an American court banned it from participating in the auction. Bogdanov could acquire Yuganskneftegaz for its subsequent sale to Gazprom, thereby not violating the US ban.

Source: www.newsru.com from December 21, 2004


Officially, Vladimir Bogdanov owns less than one percent of the shares of Surgutneftegaz, but in fact, after a loans-for-shares auction in 1995, Bogdanov received sole control of the company. Vladimir Potanin helped Bogdanov - ONEXIMBANK acted as guarantor for NPF Surgutneftegaz at the loans-for-shares auction. As a token of gratitude, Bogdanov kept his accounts in Potanin's bank for several years. In the mid-90s, Bogdanov enlisted the support of the owners of Nafta-Moskva and exported oil through it.

Vladimir Bogdanov attracted lobbyists who supported his interests in the Government. One of them is Gennady Timchenko. Largely thanks to him, Surgutneftegaz signed an agreement with Rosneft and Gazprom on the joint development of Eastern Siberia and received the Yakut Talakan field without a tender.

Source: Russian Forbes, April 2004


Foreign companies Hermitage Capital Management, Firebird Management and Prosperity Capital Management, together with the Association for the Protection of Investor Rights, once filed lawsuits seeking recognition of 62% of Surgutneftegaz shares as treasury and subject to write-off. The companies were minority shareholders of Surgutneftegaz and in the lawsuit they referred to the fact that Surgutneftegaz cannot keep its own shares on its balance sheet for more than a year - it is obliged to sell or redeem them, and that the scheme with “cross” share ownership is illegal. The Khanty-Mansiysk District Court, and then the Federal Arbitration Court of the West Siberian District, rejected the claims. In January 2005, minority shareholders sent a similar claim to the Supreme Arbitration Court (SAC), but the decision was also not in their favor. Surgutneftegaz commented on the lawsuit initiative as follows: funds like the Association for the Protection of Investor Rights need to show their importance to clients.

One of the main intrigues of the year - the publication of Surgutneftegaz's IFRS report, which was expected by the market in excitement - resulted in complete disappointment. The most closed Russian oil and gas company remains so. The published indicators hardly differ from the reports under RAS, and during the investor day analysts were only able to really talk about “sidetracking” and evaluate the new Talakan airport. The conclusions are obvious: Surgutneftegaz continues to be the main source of cheap deposits for the Russian banking system and more than successfully fights with investors in any conditions.

Before the holidays, Surgutneftegaz published the first IFRS report in its history (for 2012). Until now, the company has reported only according to the RAS standard; only once, in 2001, it issued a report according to US GAAP, from which the market learned that about 40% of Surgutneftegaz shares are treasury (later they were no longer listed on the company’s balance sheet ).

The market was eagerly awaiting the mandatory report from this year for all Russian OJSCs; Surgutneftegaz, understanding the epoch-making nature of the event, even organized an investor day on April 29, inviting about 20 analysts from leading Russian and foreign banks. They were delivered to Surgut on a direct charter flight from the Vnukovo-3 business terminal on a UTair airline. But analysts' high expectations were quickly dashed. According to the elephants of the meeting participants, at no point did the general director and co-owner of Surgutneftegaz even come to them. Vladimir Bogdanov . The company did not want to explain this fact; moreover, the report itself, contrary to established practice, also did not have the signature of the general director. The auditor of Surgutneftegaz was Rosexpertiza, although the market expected to see someone from the Big Four (in the ranking of audit companies prepared by the Kommersant-Dengi magazine, Rosexpertiza ranks 12th).

On the first day, Surgutneftegaz held a presentation at the head office in Surgut, and the question and answer session lasted only 25 minutes. In the dialogue with analysts, Surgutneftegaz was represented by several top managers, the most senior of whom was First Deputy General Director Anatoly Nuryaev. The entire subsequent program was purely “technological” - on April 30 (the day the report was published), analysts were taken to one of the largest facilities of Surgutneftegaz - the Talakanskoye field - proudly demonstrating the “newest airport” built there. The guests also learned a lot of new and interesting things about sidetracking in wells and hydraulic fracturing. But the questions that worried analysts about the real shareholders of Surgutneftegaz were redirected to that very epoch-making report.

["Vedomosti", 05/06/2013, "Surgut without surprises": It was because of treasury shares that a scandal broke out in 2002, when Surgutneftegaz reported in its IFRS report that its structures owned 40.5% of the charter capital (46.6% of voting shares). The largest minority shareholders filed a lawsuit against the company, demanding that Surgutneftegaz not vote with these shares. Since then, Surgut has reported only according to RAS, and resumed publication of international reporting only at the request of the Ministry of Finance.


According to this report, as of December 31, 2012, Surgut owned only 650,000 voting shares (less than 1% of the authorized capital), or “less than 1% of the total number of shares purchased in 2006 for 111 million rub.". The company had the same package as of January 1 and December 31, 2011. The report does not say where the remaining treasury shares went. At the investor day, this question also remained unanswered. […]


However, most analysts predicted that Surgut had no treasury shares left at all, Deutsche Bank experts recalled in their review. Back in early 2007, it became known that Leasing Production LLC, through which Surgutneftegaz owned the majority of treasury shares (36.77% of the authorized capital and 42% of voters), came under the control of NPF Surgutneftegaz. […]


Unlike treasury shares, cash is described in the IFRS report in great detail. According to data as of December 31, 2012, there were 920.6 billion rubles in the accounts of Surgut. (more than $30 billion), of which 879.6 billion rubles are on deposits. The RAS report cited similar figures - 870.5 billion and 835.2 billion rubles. accordingly, but these data were not audited and raised doubts, recalls Alexander Burgansky, head of the analytical department at Opening Capital. The company entrusted the most money to Sberbank, and prefers dollars as a currency, according to the reports (see charts).


Rates on dollar deposits at the end of last year were 3.64-6.35%, in euros - 3-4.41%, in rubles - 5.18-9.6%. The amount of interest received on deposits for 2012 approached $1 billion, reaching 27.7 billion rubles. (for 2011 - 19.4 billion rubles). […]


But since the main question about transactions with treasury shares remains unanswered, there is a risk that both own securities in these statements and cash may disappear in the next statements, warns Davletshin. — Insert K.ru]

The net profit of Surgutneftegaz according to IFRS for 2012 amounted to 180.1 billion rubles, which is 34% less than in 2011. The oil company's revenue increased by 7%, to 850 billion rubles, EBITDA - by 5.7%, to 277.9 billion rubles. The value of the oil company's liquid assets at the end of 2012 amounted to 920.6 billion rubles.

But the document (available on the Surgutneftegaz website) only states that “the company’s shares are distributed among shareholders, none of whom is the ultimate controlling party and does not have significant influence.” It is believed that the securities of Surgutneftegaz owns a number of non-profit partnerships , on the balance sheet of which billions of rubles are indicated as long-term financial investments. The size of these amounts practically corresponds to the market value of 85% of the company's shares. According to Otkritie Capital analysts, “the disappearance of 40% of treasury shares is a waste of approximately $15 billion, which will have dire consequences for the investment reputation of the Russian investment climate.” But the management of Surgutneftegaz is not embarrassed by such analysts’ assessments. Without blinking an eye, the company promises to “take care of shareholders” and support the growth in the value of its securities on the Moscow Exchange.

Meanwhile, the publication of the report led to a decrease in Surgutneftegaz quotes by 8% over two days of trading. Anton Fedotov from Bank of America Merrill Lynch says that the data itself “surprised no one,” and the drop is primarily due to high expectations from the report itself. In general, the results of Surgutneftegaz’s IFRS report coincided with market expectations, agrees Alexander Nazarov from Gazprombank. The difference with the main indicators of the oil company according to RAS is 8-9% - mainly due to fixed assets and depreciation. Investors were disappointed not by the published information, but by its absence.

After all, quite innocent questions remained unanswered, for example about the development strategy of Surgutneftegaz. The company only admitted that its production level by 2018 will decrease from 61.4 million to 60 million tons. At the same time, Surgutneftegaz continues to disavow projects abroad and sees “a lot of opportunities in Russia.” But the company has no plans to enter the shelf, and the essence of the “opportunities” is not very detailed. We are only talking about the development of fields in Eastern Siberia, and since 2017 - small projects in Timan-Pechora. At the recently acquired Shpilman field in the Khanty-Mansi Autonomous Okrug (Vladimir Bogdanov personally took part in the bidding for it), the oil company hopes to produce 3 million tons in 2015. Surgutneftegaz does not plan to increase its presence in the gas market, at least until Gazprom builds a pipeline from the Chayandinskoye field adjacent to Talakan. Analysts were unable to find out anything about the company’s prospects in the retail petroleum products market. Surgutneftegaz only said that they own 249 gas stations, mainly in the Northwestern Federal District.

In general, according to analysts, Surgutneftegaz has confirmed its status as the most conservative company in the industry. “They don’t need anything special, Surgutneftegaz is a state within a state. The company owns almost everything in its region, the average salary is 60 thousand rubles, which is much higher than the national average, they are satisfied with everything,” says one of the participants trips. No new information has emerged that will allow us to understand the prospects of Surgutneftegaz, adds another analyst; the company “has investor relations staff with experience in maintaining a nice conversation about nothing.”

Wherein "Surgutneftegaz" is one of the main donors of the Russian banking system. The total amount of funds placed by the company on deposits in Russian banks exceeded 879.6 billion rubles as of December 31, 2012—this is more than the total volume of deposits of the Ministry of Finance and the constituent entities of the federation (767.3 billion rubles) and almost 9.2% from the volume of bank deposits of legal entities. The main share of Surgutneftegaz deposits (99.5%) is in foreign currency deposits ($24.3 billion and €3.4 billion). The company holds its main deposits in near-state banks - Sberbank (383.9 billion rubles), Gazprombank (168.8 billion rubles), VTB (135.6 billion rubles), as well as Unicredit Bank (168.9 billion rubles .). At the same time, the company’s share in foreign currency deposits of legal entities in VTB is 21%, in Gazprombank - about 36%, in Sberbank - almost 45%, and in Unicredit Bank - more than 76%. For banks, these deposits are very profitable; their profitability, based on the amount of interest received on deposits in 2011 and 2012, was about 3% per annum.

["Vedomosti", 05/06/2013, "Person of the week: Vladimir Bogdanov": “The information in the IFRS report will differ little from the data under RAS. Because the single profit center is Surgutneftegaz, and everything is clear and understandable with us,” Vladimir Bogdanov, general director of Surgutneftegaz, told Interfax on the eve of the publication of international reports, which the company has not released for more than 10 years. Indeed, there is nothing new in the IFRS report, except for a detailed description of where and under what conditions the company stores its billions.


But it’s difficult to agree with the second part of Bogdanov’s statement - almost nothing is clear about Surgut. It is clear that this company will produce 61-62 million tons of oil annually, allocate 20% of net profit to dividends and develop exclusively in Russia. But it is not clear why Surgutneftegaz has been saving money for 10 years and has already collected $30 billion. All that is known about the company’s strategy (according to Bogdanov at the last meeting of shareholders) is that it remains the same: “Drill, drill, drill and develop what There is".


The most important thing is that it is not clear who owns the company, who even has a blocking stake, not to mention control. Even the 40.5% of treasury shares that were in the previous IFRS reporting disappeared in the new one.

Bogdanov, who has been running Surgutneftegaz for almost 30 years, apparently believes that outsiders do not need to know this. He began his career as an assistant driller in Nizhnevartovsk. Obviously, drilling and other production issues are more important to him than relations with investors.


Surgutneftegaz has not published international reports since 2002 and would not have done so this time if not for legal requirements. And the point, of course, is not the fine that threatened in case of refusal to prepare IFRS (up to 700,000 rubles) - the company could easily pay it. As Bogdanov said earlier, the company does everything “strictly according to the law.” [...]

It is no coincidence that “Surgut” is not much more expensive on the stock exchange than the amount of funds in its accounts. Why does the CEO need capitalization when he can already freely dispose of tens of billions of dollars? — Insert K.ru]

Kirill Melnikov
Dmitry Ladygin