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LUKoil cuts in double its petrol stations in US
15.05.2012 16:07
LUKoil cuts in double its petrol stations in US

One of the largest Russian oil companies LUKoil has reduced the number of itsretail petrol service stations abroad on 8% last year. The number of the petrol stations in the USA has been reduced in double, reports Reuters.

In the start of 2011 the company owned 6 508 petrol station, 1 173 of them were located in the USA. In the beginning of the 2012 there were only 5 594 and 578 respectively left. LUKoil explains such a massive reduction with low profit of retail sales.

At that in April LUKOIL Belgium N.V., which is a part of LUKoil Group, has signed an agreement on acquiring 46 petrol stations in the Netherlands and 13 stations in Belgium from Verolma Group.

LUKoil is one of the largest oil companies in the world, its market capitalization is $49 672 billion.

Author: Irina Fomina

Tags: LUKoil Russian oil companies    

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