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
Ukraine and PMC Blackwater to poison Donbass with radioactive waste
Ukraine dreams of what it can do to Crimea after winning war with Russia
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Who loses and wins most from Caspian Sea division
Ukraine dreams of what it can do to Crimea after winning war with Russia
Ukraine dreams of what it can do to Crimea after winning war with Russia
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Russians tired of Putin's foreign policy
Ukraine dreams of what it can do to Crimea after winning war with Russia
Why Russia continues investing in US public debt
Putin convenes Security Council meeting to discuss new sanctions
Putin convenes Security Council meeting to discuss new sanctions
Putin convenes Security Council meeting to discuss new sanctions
Putin convenes Security Council meeting to discuss new sanctions
Who loses and wins most from Caspian Sea division
Russia to build major naval base on the coast of Caspian Sea
Russia to build major naval base on the coast of Caspian Sea
Russia to build major naval base on the coast of Caspian Sea
Russia to build major naval base on the coast of Caspian Sea
Russia's pension reform to split Putin's majority in Navalny's favor
Russia's pension reform to split Putin's majority in Navalny's favor