Russian oil exec Ravil Maganov dies; body found outside of hospital

Ravil Maganov, the chairman of Russia’s largest private oil company, was found dead after falling out of a hospital window, according to Russian media on Thursday.

The story behind Maganov’s death remains uncertain in the suspicious incident.

The background

“Lukoil was one of the few Russian companies to publicly censure Russia’s military operation in Ukraine, calling in March for the ‘immediate cessation of the armed conflict,'” USA Today reported.

“Maganov is the latest in a series of Russian businessmen, particularly in the energy industry, who have died unexpectedly in unclear circumstances this year,” the report added.

His impact

“We deeply regret to announce that Ravil Maganov, Chairman of PJSC LUKOIL Board of Directors, passed away following a severe illness,” Lukoil released in a statement regarding its chairman’s death.

“Ravil Maganov immensely contributed to the development of not only the company, but of the entire Russian oil and gas sector,” it added.

His family has been highly influential in Russia’s energy production and politics.

“Maganov had worked in Lukoil since 1993, shortly after the company’s inception, and had overseen its refining, production and exploration, becoming chairman in 2020. His brother Nail is the head of mid-sized Russian oil producer Tatneft,” Reuters reported.

His suspicious death further complicates the situation for Russian President Vladimir Putin as he continues his invasion of Ukraine after more than six months.