In November 1992, he went into Business and founded the company Neftkonsult LLP. In 1993, Fedun was officially Dismissed from the Russian military and within the same year became the CEO of JSC. In 1996, Fedun became the Vice President of LUKoil Inc. Fedun met Alekperov in the 1980s while he was a Teacher in Kogalym, a Siberian city. In May 2006 Fedun was one of the two main owners of IFD Kapital Group.
