Russia's Oil Giant LUKoil to Sell Baltic Assets Amid Anti-Russian Sentiment

© AFP 2023 / NIKOLAY DOYCHINOVPeople walks in front of the Lukoil Neftochim Headquarters in Sofia on July 27, 2011
People walks in front of the Lukoil Neftochim Headquarters in Sofia on July 27, 2011 - Sputnik International
Subscribe
LUKoil, Russia's second largest oil company, has decided to sell its remaining Lithuanian and Latvian assets, LUKoil's President Vagit Alekperov said Thursday.

MOSCOW (Sputnik) — The oil company does not have plans to expand its filling station chain across Europe, according to Alekperov. LUKoil's current strategy only stipulates expansion of the company's upstream operations, he added.

Oil production in cities of Khanty-Mansiysk Autonomous Okrug - Sputnik International
Russia
OPEC Increases Russian Oil Supply Forecast for 2015

"At the moment, our assets in Lithuania and Latvia, where anti-Russian sentiment is serious, are for sale. We have taken the decision to leave these countries at a board of directors meeting," Alekperov said in an interview with Rossiya-24 television.

LUKoil sold its Estonian LUKoil Eesti AS subsidiary in mid-2015. The company's Lithuanian and Latvian assets are owned by its LUKoil Baltija subsidiary, which runs a filling station chain.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала