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Russian Lukoil sells gas stations in Ukraine to Austrians 

byUNIAN
31/07/2014
1 minute read
Russian Lukoil sells gas stations in Ukraine to Austrians 

Lukoil owns about 240 gas stations and 6 oil bases in Ukraine.

Russian company Lukoil and Austrian company AMIC Energy Management GmbH (AMIC) reached an agreement regarding the sale of 100% of Lukoil’s investments in Ukraine.  Lukoil-Ukraine currently owns 240 gas stations and 6 oil bases on Ukrainian territory.

According to Lukoil, talks were initiated by the Austrian side after it expressed an interest in buying the shares.

At the moment the two sides are doing an inventory of assets and preparing to sign the sales contract.

“The sale of the Ukraine-based gas station network and oil bases to AMIC will allow Lukoil to optimize the structure of its assets and the management of its sales network in Eastern Europe. These steps are expected to significantly improve the efficiency of  our oil product sales,” Lukoil Vice President Vadym Vorobyov said.

Source: UNIAN

Translated by Mariya Shcherbinina, edited by Elizabeth Martin

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