LUKOIL will sell assets in Lithuania and Latvia because of anti-Russian sentiment

Moscow. December 24. “LUKOIL” decided to sell the remaining assets in the Baltic States.

“Now on the sale of our assets in Lithuania and in Latvia, where a fairly serious anti-Russian sentiments. So we decided on the Board of Directors to withdraw from these countries,” – said the President of “LUKOIL” Vagit Alekperov in an interview with TV channel “Russia 24”.

The company has previously sold assets in Estonia.

According to Alekperov, plans to expand its retail network in Europe at the present time, no. “We are today a strategy adopted in the expansion only in the segment of exploration and production of oil,” he said.

As reported, this summer the Estonian fuel company Olerex bought 100% of shares in the Estonian “daughter” LUKOIL – Lukoil Eesti AS, which owns 37 filling stations.

Lukoil Europe Holdings (Netherlands), owned by LUKOIL, owns 100% shares of Lukoil Baltija, the owner of the filling station network in Lithuania and Latvia.