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28 Jul, 2008 06:19

Lukoil buys into Turkish retail fuel market

Lukoil buys into Turkish retail fuel market

Lukoil has bought Turkish oil products group Akpet, which controls about 5 % of Turkey's retail oil product market.

Akpet owns almost seven hundred filling stations in Turkey, and a string of other oil facilities including jet fuel terminals and a motor oil plant.

The purchase will increase the company's international retail web by 18 per cent.