Oleg Budargin was elected as the World Energy Council Vice Chairman and Senior Advisor

Oleg Budargin was elected as the World Energy Council Vice Chairman and Senior Advisor 31.10.2013
General Director of Russian Grids, Oleg Budargin, was elected as the World Energy Council Vice Chairman and Senior Advisor, responsible for regional development. The decision was taken at a meeting of the WEC Executive Assembly. Oleg Budargin became the first Russian to be awarded such a high position in the WEC.

In his new position, Oleg Budargin will have to develop and implement a strategy for the creation of a new WEC Eurasian Committee, including Russia and other countries with similar geopolitical interests.

The new WEC committee will combine National Committees of such WEC member countries as Russia, Kazakhstan, Ukraine, Belarus, Moldova, Armenia, Georgia, Azerbaijan, Uzbekistan, Tajikistan, Kyrgyzstan, Turkmenistan, Afghanistan, Mongolia and Iran.

The main objective of the project is a joint solution of geopolitical, technological, economic, environmental and other issues in the energy industry.


World Energy Council (WEC) - is the largest energy international NGO, established in 1923 on the initiative of the energy business circles of Great Britain and a number of industrialized countries in Europe and North America. In 1924 in London, the first founding conference of the WEC, with the participation of representatives of many countries, including Russia, which became a co-founder and an official member of the WEC, was held.

At present, the WEC includes 97 countries and more than 3,000 worldwide organizations, including international institutions, private and public companies and academic organizations. According to the WEC Statutes and Rules, the WEC membership of the countries is made through national committees, organizing work in the WEC direction in their countries and representing the interests of both private and state-owned energy, industrial and financial companies, research organizations and other legal entities and individuals in their countries.

One of the main objectives of the WEC is to develop and strengthen, in a systematic manner, professional business contacts and relations between energy managers and specialists in all the countries and regions of the world and the establishment of an international forum for the free exchange of information on fuel and energy complex and its role in the context of socio-economic development of the world and regions.

WEC has a unique position in the world, being essentially the only global organization that brings together all areas of the fuel and energy sectors and acts on behalf of the energy industry as an interconnected complex. A number of separate organizations such as the International Energy Agency, the UN Commissions, European Union, International Gas Union, CIGRE, and the others, represent the interests of individual energy industries or groups of countries. Therefore, many experts rightly believe that the WEC can and should make a more substantial contribution to policy-making in development of global energy.

WEC covers such sectors as gas, oil, coal, electricity, nuclear energy, renewable and alternative energy sources, natural reserves of all types of energy resources and their potential for energy supply, energy processing technologies, including extraction, transformation, transmission, distribution and use of energy, and also all political, socio-economic, investment, financial, environmental problems, somehow, related to energy.

WEC has proven to be a highly dynamic and mobile international organization, responsive for all acute energy problems encountered in certain periods of historical development in global and regional scales.

WEC, in addition to addressing the problems of traditional energy development, pays special attention to the research of contemporary processes of reforming the energy industries, the development of market relations within them, issues of investment and cash flow management, the creation of mixed and specialized energy companies, regional development of fuel and energy complexes, etc. That is why; special technical committees and working groups are working, involving experts to guide regional programs, formulating discussion topics at conferences, seminars, regional conferences, etc.

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