Oil and gas: Lukoil sells filling stations in Baltic asset restructuring


Oil and gas: Lukoil sells filling stations in Baltic asset restructuring

OAO LUKOIL signed a sale-and-purchase contract with Aqua Marina AS to sell it 100% shares of Lukoil Eesti AS, who owns a network of 37 gas-filling stations on Estonian territory. The deal will be closed upon approval from Estonia's Antimonopoly Service.

The decision to sell the network in Estonia was taken as part of the effort to optimize LUKOIL's business in petroleum-product marketing and raise the efficiency of the management system of the distribution network in the Baltic countries

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs