Semyon Mikhailovich Weinstock

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Semjon Weinstock (2006)

Semyon Mikhailovich vine ( Russian Семён Михайлович Вайншток , Semyon Mikhailovich Vainshtok ;. Scientific transliteration Semen Michajlovič Vajnštok * 5. October 1947 in Klimauzy , Moldavian SSR ) is a Russian scientist, businessman and former president of the state oil pipeline monopoly Transneft .

life and work

After attending a technical college, he completed an engineering degree at the Kiev Institute of Construction before completing his traineeship at the University of Oil and Gas Industry in Tyumen , Western Siberia .

In 1982 Weinstock started his career in the Soviet oil industry, first with the Bashkir oil company Bashneft , later with Kogalymneftegas and finally with Glawtjumenneftegas , which became part of the Lukoil oil company during the transition of Russia to a market economy , where Weinstock rose to Vice President and General Director for Western Siberia in 1995. In 1999, Roman Abramowitsch and the then Railway Minister and First Vice-Prime Minister Nikolai Axjonenko - a very influential politician at the time who was even considered to be Yeltsin's successor - proposed him as a possible new President of Transneft. The outgoing oil pipeline president Dmitri Saveliev then sued against his dismissal, but was removed from office after a short time, which led to a scandal at the time and caused a sensation nationwide.

Since his appointment as head of the largest pipeline company in the world, he has also been one of the most powerful men in Russia. Transneft has a pipeline network with a total length of around 50,000 kilometers, which leads mainly to the west - to the main market for Russian oil: Europe. In April 2006 he stated that Russia had "oversupplied" Western Europe with oil deliveries, so that part of it was to be diverted to the Far East.

“We overfed Europe with oil. Any business handbook will tell you that if there is an oversupply, the price will fall. As soon as we turn to China, South Korea, Australia and Japan, this will pull some of the oil away from our European partners ”

- Semjon Weinstock : on the idea of ​​an eastern route

At the end of 2006, Weinstock caused an international stir in the Russian-Belarusian energy dispute when he had the "Druzhba" route , a pipeline that also crosses Belarusian territory, shut down at short notice without informing the contracting parties beforehand.

In September 2007, his contract as President of Transneft expired and was not renewed. Russian President Vladimir Putin instead offered Weinstock the management of a state-owned company that has yet to be founded to prepare for the 2014 Winter Olympics in Sochi, southern Russia.

Individual evidence

  1. ↑ a b http://www.aktuell.ru/russland/who_is_who/weinstock_der_clmanager_mit_feurigem_gemuet_134.html
  2. ↑ see Süddeutsche Zeitung No. 8, January 11, 2007, page 4
  3. ↑ Short biography of Semjon Weinstocks on lenta.ru (Russian)
personal data
SURNAME Weinstock, Semyon Mikhailovich
ALTERNATIVE NAMES Weinstock, Semyon
BRIEF DESCRIPTION Russian entrepreneur
DATE OF BIRTH October 5, 1947
PLACE OF BIRTH Klimauzy , Moldovan SSR