Source Pravda.Ru

Russian oil giant Lukoil pays 400 million USD for ConocoPhillips' gas stations

The chief executive of Russia's biggest oil producer said the company is paying more than US$400 million (EUR304 million) for U.S. partner ConocoPhillips' filling station network in Eastern and Northern Europe, a Russian news agency reported Tuesday.

OAO Lukoil CEO Vagit Alekperov's comments to Interfax were the first indication of how much Lukoil is paying for the 376 gas stations in the Jet network which includes 156 stations in Belgium, 49 in Finland, 44 in the Czech Republic, 30 in Hungary, 83 in Poland, and 14 in the Slovak Republic.

The deal is still awaiting regulatory approval from the European Union, reports AP.

Lukoil company spokesman Vladimir Semakov said he could not directly confirm Alekperov's statement, though he added: "If he said it, it's true."

Houston-based ConocoPhillips holds close to 20 percent in Lukoil.

Comments
IOC wants Russia to boycott 2018 Winter Games and exit Olympic movement
About the New Year Address of Marshal Kim Jong Un
USA prepares Russia's neighbours for WWIII
Ticking Time Bomb: Countdown to Armageddon
IOC wants Russia to boycott 2018 Winter Games and exit Olympic movement
British army chief says Russia can destroy UK sooner than expected
USA prepares Russia's neighbours for WWIII
USA prepares Russia's neighbours for WWIII
Ticking Time Bomb: Countdown to Armageddon
It is about time Russia should exit Western project
USA prepares Russia's neighbours for WWIII
British army chief says Russia can destroy UK sooner than expected
British army chief says Russia can destroy UK sooner than expected
Russia to build its own space station without USA and Europe
British army chief says Russia can destroy UK sooner than expected
Russia aware of Ukraine's pathetic intentions to disrupt World Cup
About the New Year Address of Marshal Kim Jong Un
Russia aware of Ukraine's pathetic intentions to disrupt World Cup
U.S. Humiliates South Korea, Threatens North Korea
Russia to build its own space station without USA and Europe
Russia to build its own space station without USA and Europe