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Lukoil abandons idea to sell its gasoline filling stations in Russia

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Lukoil abandons idea to sell its gasoline filling stations in Russia

Lukoil, one of Russia's largest oil companies, will not sell its gasoline filling stations in the country, but will upgrade them, the head of the company, Vagit Alekperov, announced.

“There was information that we were selling all of these stations... Developing a strategy for 10 years, our strategies made an offer for the sale of the retail network, but the Board did not agree,” — Alekperov said at a meeting with Russian President, Vladimir Putin, RIA Novosti reports on Thursday.

He stressed that Lukoil was upgrading its gasoline filling stations.

Also, Vagit Alekperov noted that the company was selling its assets in a number of countries: in Ukraine, Lithuania, Estonia, Latvia and Poland, but, at the same time, Lukoil was expanding its presence in other countries, such as the Netherlands and Belgium.

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