Farkhad Akhmedov
Encyclopedia
Farkhad Temurovich Akhmedov , , born September 15, 1955 is a businessman and politician.

Farkhad was born in Baku
Baku
Baku , sometimes spelled as Baki or Bakou, is the capital and largest city of Azerbaijan, as well as the largest city on the Caspian Sea and of the Caucasus region. It is located on the southern shore of the Absheron Peninsula, which projects into the Caspian Sea. The city consists of two principal...

, Azerbaijan
Azerbaijan
Azerbaijan , officially the Republic of Azerbaijan is the largest country in the Caucasus region of Eurasia. Located at the crossroads of Western Asia and Eastern Europe, it is bounded by the Caspian Sea to the east, Russia to the north, Georgia to the northwest, Armenia to the west, and Iran to...

 and continues to maintain business interests there, such as AzNar JSC. A natural beverage manufacturer located in Goychay
Goychay
Goychay is a rayon of Azerbaijan located in the central part of the county. The region is famous for its pomegranate growing industry.-Geography:...

, which Farkhad purchased and renovated in 2007 in memory of his Father, who was Director of the plant. Today, AzNar JSC holds a strong reputation for producing quality juices such as Pomegranate juice
Pomegranate juice
Pomegranate juice is made from the fruit of the pomegranate. It is used in cooking both as a fresh juice and as a concentrated syrup, particularly in Persian cuisine.-Possible health benefits and risks:...

, Quince juice, Apple juice
Apple juice
Apple juice is a fruit juice manufactured by the maceration and pressing of apples. The resulting expelled juice may be further treated by enzymatic and centrifugal clarification to remove the starch and pectin, which holds fine particulate in suspension, and then pasteurized for packaging in...

 and a variety of other food products which are marketed under the brand Grante.

A schoolboy when his father, the director of a plant in Baku, Azerbaijan was sentenced to death for state-property embezzlement. Fled to Moscow, studied to be a mechanic; spent several years in the Navy; graduated from the Moscow Veterinary Academy's Commodity Research & Animal Commodities department as specialist in fur. Eventually began selling machinery to oil and gas companies and later moved into production himself. Starting in 1993 built up shares in Northgas
Northgas
Northgas is a natural gas-producing company in Russia. It is a developer of the North-Urengoy gas field in the Yamalo-Nenets region. According to DeGolyer and MacNaughton, it controls a total reserves of 368 billion cubic metres of natural gas. All produced gas is acquired by...

, which has a field in the Arctic Circle
Arctic Circle
The Arctic Circle is one of the five major circles of latitude that mark maps of the Earth. For Epoch 2011, it is the parallel of latitude that runs north of the Equator....

, from 5% to nearly 100% by 2001, largely by diluting partner Gazprom's stake. In 2005, threatened with the loss of his license, agreed to give Gazprom
Gazprom
Open Joint Stock Company Gazprom is the largest extractor of natural gas in the world and the largest Russian company. Its headquarters are in Cheryomushki District, South-Western Administrative Okrug, Moscow...

51% of his shares.

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