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.
News source: www.sptimes.ru
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Business news archive for 24 December' 2004.
Business news archive for December' 2004.
Business news archive for 2004 year.