German Khan
A native of Kiev, graduated from the Moscow Institute of Steel & Alloys in 1988. The next year, with former classmate (now billionaire) Mikhail Fridman, cofounded Alfa-Eco, a commodities trader and predecessor of Alfa Group. Heads Alfa Group's oil business as executive director and board member of oil company TNK-BP, formed in 2003 with merger of Russian oil and gas assets owned by British oil giant BP and Alfa Group.
German Khan is the Executive Director and a member of the TNK-BP Management Board.
German Khan is also a member of the Board of Directors of Alfa-Bank and Slavneft.
Mr. Khan is a graduate of the Moscow Steel and Alloys Institute.
From 1992 to 1998, he held various managerial posts in the Alfa Group, one of the largest financial-industrial conglomerates in Russia. From 1995 to 1998 he held the post of director of the department of commodity trading at Alfa-Eco, a major trading company and a part of the Alfa Group.
In 2000, German Khan was appointed Deputy Chairman of the Management Board of TNK.
Forbes magazine list of fortune start to mention Russian businessman in their list of 100 wealthiest people in the world. Those Russian businessmen listed in Forbes fortune 100 dominated by young people with significant growth of business, German Khan is one of them. Last year his wealth estimated reach US$ 13.9 billion and placed 54th in Forbes fortune 100.
Born in Ukraine October 26th 1962, German Khan graduated from Moscow Institute Steel and Alloys in 1988. Khan started his first company in 1989 with two his friend Mikhail Fridman and Alexei Kuzmichev, his first company Alfa Eco, commodity trading company. Alfa Eco now became Alfa Group, Khan’s holding company that spread his business from banking, trading, telecommunication, oil and gas.
Alfa Group runs the banking business through Alfa Bank. Alfa Bank as own the biggest network in Russia, providing service in corporate banking, retail and investment bank. Its branch reach Kazakhstan, London, New York, Amsterdam and one of the big 10 bank in Ukraine. Nowadays Alfa Bank already became the biggest bank in Russia. Alfa group also own Alfa Capital Management that provide wealth management. Alfa Strakhovanie Group is Alfa Group Company in insurance business.
Alfa Bank recognized as the market leader in Russia Banking, Khan and his Alfa Group entering new area of business, oil and gas business. Tyumen Oil Corporation is Russia oil and gascompany that facing financial problem when Alfa group bought it in 1997. Tyumen financial problem solved by in three years in 2000 and Khan changed its name to TNK. Financial Times, an international newspaper, awarded TNK as the best oil company in the world also in 2000.
In 2003 Khan merge TNK to SIDANCO. SIDANCO is a BP Russia subsidiaries company. The new company called TNK-BP own not less than US$ 6.7 billion, TNK_BP also own 50% shares of Slavneft, Russia Gas Company. Khan was appointed as leader in TNK-BP because both TNK and BP consider that Khan could bridges the Gap between BP, as a British company, and TNK, as a Russia company.
TNK-BP starts its new oil business after the merger in Uvat, Russia in 2005. TNK-BP invests US$ 2 billion in Uvat project that estimated to hold 120 million barrel of oil. Recently TNK-BP also manages oil and gas retail sales through STBP holding that own 1600 gas station in Russia and Ukraine. Last year TNK-BP known to be involved in oil explorations in Iraq.
Khan’s last move in business was through telecommunication industry, Altimo as the market leader in Russia telecommunication and also in other former Soviet Union country is one of the Alfa group company. German Khan
But, despite of all those achievement, German Khan Still has some controversy. One of those controversies is Acquisition of Tyumen in 1997, because Tyumen previously was national Oil and Gas Company won by the Russia government. Russia government through Department of Finance still have doubt about the capital used to buy Tyumen by Alfa group, because Exim Bank of America was known to be refused loan request from Alfa Group to bought Tyumen.
Vladimir Yakushev, Governor of the Tymen Region, and German Khan, Executive Director of TNK-BP, met on March 17 in Tyumen and discussed the current relations between TNK-BP and the Administration of the Tyumen Region and their development prospects.
Their discussion of the relationship and the implementation of the Company’s projects and production plans began with their joint visit to the fields of Uvat District. Vladimir Yakushev and German Khan inspected industrial facilities in the fields and met with Yuri Svyatskevich, Head of the Uvat District, and Alexei Tumanov, General Director of Tyumenneftegaz. During their visits to the Kalchinsk, and North-Demyansk fields, they had meetings with the personnel and drilling and construction teams working in these fields.
Later, German Khan presented to the Governor the results achieved by the Company in 2005 and the 2006 development plans of TNK-BP projects in the region. Vladimir Yakushev and German Khan signed a Protocol to the Agreement of Strategic Cooperation between the Administration of the Tyumen Region and OAO TNK-BP Management.
The Protocol says, in particular, that the investments of TNK-BP in 2006 into the projects deployed on the territory of the Tyumen Region will exceed 53 billion rubles. The overall investments made by the Company in the region in the period 2004–2006 will amount to 126.7 billion rubles. The tax payments of TNK-BP into the budget of the Tyumen Region will run up this year to 10.1 billion rubles.
Talking about the activities of the Company in the Tyumen Region, German Khan paid special attention to the plans of TNK-BP for developing the Uvat group of fields in the south of the Tyumen Region. According to Mr. Khan, the Uvat project is important both for the Company and the region. First and foremost, implementation of the Uvat project will substantially replenish the tax revenues of the region by direct receipts of the Company. Moreover, development of the fields will make a valuable contribution to the progress of the industry in the southern part of the Tyumen Region, create an infrastructure that will stimulate development of other industries, provide new jobs, and encourage the resolution of social problems in the Uvat District.
The Uvat project envisions exploration and work in 15 license blocks with total recoverable reserves of over 120 million tons of oil. Investments into these projects in the nearest 20 years will exceed $2 billion.
“Our work will establish an independent oil and gas complex in the south of the Tyumen Region with a production capacity of approximately 10 million tons of oil a year and create here a modern industrial and social infrastructure,” said German Khan during the meeting with the Governor.
Vladimir Yakushev noted that “the investment project is moving forward. Both parties, TNK-BP and the Administration of the region, are carrying out their commitments in full.” The imsplementation of the project served as an impetus for further development of oil and gas production and the associated industries, such as transportation, construction, design and engineering, and social development. During the period of project implementation, 52 km of automobile roads and 73.7 km of pipelines were constructed on the territory of the Uvat District. The large-scale construction of roads, engineering communications, and social and utility facilities will be continued in the Uvat District in 2006.
German Khan (26.10.1962) is a Russian businessman with interests in the oil and gas industries. He studied at the Moscow Institute of Steel and Alloys . When Alfa Group took over oil giant TNK , it was Khan who was chosen to run the operation. Today TNK is half-owned by BP , but Khan retains his hold on the tiller, serving as executive director.
German Khan has three children and lives in the outskirts of Moscow.
He enjoys hunting and has a large collection of sporting guns and rifles
