Sergey Karavaev was born in 1973 in the city of Nizhnevartovsk in West Siberia. In 1996 he graduated fr om Gubkin Russian State University of Oil and Gas with the diploma of a specialist in oil and gas fields’ development and extraction of oil and gas. He started his career in 1996 at “Yugraneft Corporation”. In 2002 S.Karavaev joined “TNK-Nyagan” company wh ere he successively served as deputy head of oil and gas production department, head of this department and head of technical department. In 2005 he became “TNK-Nyagan” general manager.
From 2006 S.Karavaev served as deputy general manager / engineer-in chief of the joint stock company “Nizhnevartovsk oil and gas production facility”, from 2008 – as managing director of “Vanyeganneft Joint Venture” Ltd. In July 2009 he became deputy general manager / engineer-in chief of “Varyeganneftegaz” joint stock company.
In 2010-2013 S.Karavaev served as general manager of “Varyeganneftegaz” joint stock company.
From 2013 to September 2014 he was the first deputy managing director of Badra project / Iraq.
In September 2014 S.Karavaev was appointed managing director of Badra project.