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Lukoil May Sell Its Gas Stations In Russia
April 11, 2017 16:45

“Lukoil” may decide to sell all its gas stations in Russia before the end of the year. According to the company representatives, the company was offered to sell one-third of its network of petrol stations in three parts of 10 percent during the year or get rid of all the Russian petrol stations completely over the next two years.

The agency’s interlocutor states that the management of the holding chose the second option. “Now the company is accepting applications from potential investors. There are three of them already. Proposals for long-term foreign investors have been already prepared” - he added.

The source explained that the share of Russian business in the total revenue from retail sale of fuel is small, so the company will focus on the extraction and processing of hydrocarbons.

The press-service of the holding company did not give any comment on this information to the agency. Unofficial information saying that a third Russian “Lukoil” petrol stations could be purchased by foreigners appeared in March. Currently the company owns about 5.5 thousand gas stations, about 2.5 thousand of them are located in Russia.


Author: Anna Dorozhkina

Tags: Russian oil Lukoil    

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