Billionaire Djaparidze Drives Eurasia Drilling to Top
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The biggest winner from Russia’s record oil production in the past five years hasn’t been OAO Rosneft or OAO Lukoil. The nation’s crude producers have been outperformed by the company they hire to drill their wells.
Eurasia Drilling Co., Russia’s largest oilfield services provider, has more than tripled investors’ money since 2008, helping founder and Chief Executive Officer Alexander Djaparidze build a $2 billion fortune. Rosneft, the biggest Russian oil company, has returned 53 percent in the period.