LUKOIL will buy from Shell "daughter" and a network of filling stations in Russia

Russian LUKOIL has agreed to buy a subsidiary in RUSSIA from the British-Dutch Shell, which owns a network of filling stations and a lubricants plant. This is stated in the message on the website of the Russian company.

PJSC LUKOIL announces the signing of an agreement with subsidiaries of Shell plc (hereinafter also referred to as Shell) on the acquisition of a 100% stake in LLC Shell Oil, which is engaged in the retail sale of petroleum products and the production of lubricants in Russia.

Maxim Donde, Vice President for Petroleum Product Sales of PJSC LUKOIL, noted that the acquisition of Shell's subsidiary is "fully in line with LUKOIL's strategy for developing priority distribution channels."

In turn, the DIRECTOR of the downstream Shell segment, Huibert Vigeveno, stressed that as part of the deal, more than 350 Shell Oil employees will maintain their employment relationship with the new owner.

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The network of Shell gas stations in Russia has more than 370 gas stations in 28 cities. The capacity of the plant in Torzhok is 200 million liters per year. it produces motor oils, oils for marine engines, industrial lubricants, hydraulic and transmission oils.

Shell will suspend the work of filling stations in Russia Business

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