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Business news

12.24.2004 14:53

LUKoil LUKoil has purchased 37 Baltrade fuel stations in the city and the Leningrad Oblast, Interfax reported Wednesday.

The presence of LUKoil-Severo-Zapadnefteproduct, the regional sales operator for LUKoil, will increase from 40 to 77 gas stations.

The company paid around $600,000 per fuel station, LUKoil president Vagit Alekperov said to AK&M news agency.

The overall deal is expected to cost $20 million.

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