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. Last Updated: 07/27/2016

Tokarev Gets Transneft Job

Itar-TassTokarev posing in his office in front a photograph of him meeting with Putin.
Oil pipeline monopoly Transneft said Monday it had elected the former head of state-run overseas oil vehicle Zarubezhneft and a close ally of President Vladimir Putin as its new president.

Nikolai Tokarev replaced Semyon Vainshtok, the previous, long-serving head of Transneft, which oversees all shipments from the world's second-largest crude exporter.

Tokarev served as a KGB officer in East Germany in the mid-1980s, at the same time as Putin, according to research compiled by Vladimir Pribylovsky, the head of the Panorama think tank.

Tokarev's official biography says he was born in 1950 and worked in the mining business before joining the Kremlin administration in the 1990s.

In 1999, Tokarev became Transneft's vice-president for security, before his appointment as head of Zarubezhneft in 2000, a firm whose biggest project is a joint oil production venture in Vietnam. (Reuters, MT)