In his young adulthood, he fulfilled a variety of roles for the Soviet Foreign Ministry in the Middle East and North Africa.
[2] After the collapse of the Soviet Union, Bogachyov grew wealthy participating in the privatization of Russia's natural resources.
The growth of Tambeyneftegaz brought Bogochyov into conflict with Gazprom bank officials over control of certain gas fields.
Through this vehicle he owns a considerable stake in Magellan Petroleum Corporation, a stranded gas / energy resource developer with interests in Australia, the United Kingdom, and North America.
In Australia, his focus is the development of substantial discovered natural gas reserves into Asian market growth.