icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

LUKOIL gains European Commission approval for petrol stations

LUKOIL gains European Commission approval for petrol stations
Russian oil company LUKOIL has received approval from the European Commission to buy petrol stations in Europe from ConocoPhilips. The EC was satisfied the downstream market share LUKOIL is buying “won't threaten competition”.

The company is going to buy over 370 petrol stations in Belgium, Finland, Czech Republic, Poland and Hungary from the US-based energy giant, for more than $US400 MLN.

LUKOIL will re-brand petrol stations currently called “Jet”  by the end of 2007.