European Oil, Gas, and Renewable Energy Solutions >  News  

 Press Releases   |  Events Calendar  |  Field Stories  |  Videos and Webcasts    |  Directory   |   Free Directory Listing

..
> Homepage (News on Homepage)
> Upstream News
> Midstream News
> Downstream News
> Renewable Energy News
> General Interest News 

> PennEnergy News 
 
.

 



LUKOIL BUYS OMV LUBRICANT BUSINESS IN EUROPE 



LUKOIL and OMV Refining & Marketing GmbH signed a contract to finalize the purchase of OMV’s lubricant blending plant located in the suburbs of Vienna, Austria, by ООО LLC-International (a wholly-owned LUKOIL subsidiary). Besides the plant with a capacity of 35 thousand tons per year, the contract includes a number of distribution units for finished products in Austria, Bulgaria, Hungary, Germany, Romania, Slovenia, Slovakia, the Czech Republic and Serbia.

“This transaction is in line with our company’s strategy that provides for further expansion of LUKOIL’s lubricant business on the global market. The favorable geographic location near foreign car makers and industrial enterprises, a well-tuned distribution system in Europe, modern production facilities, unique scientific developments and the vast professional experience of the company’s employees are the significant factors that became decisive for us”, Vagit Alekperov, OAO LUKOIL President, commented.

The transaction will also create synergy with LLC-International’s plants in Romania and Finland, optimize the supply logistics of lubricants to the company’s strategic partners and strengthen LUKOIL’s scientific and technical potential for the development of new lubricants.

The popularity and customer loyalty to the goods manufactured by a leading European company will broaden the product range, support the positions of the LUKOIL-branded oils in the foreign markets and create new sales opportunities for LUKOIL’s premium-class lubricants in all other regions of the company’s presence.

Source: Press Centre OAO "LUKOIL"
E-mail: media@lukoil.com
www.lukoil.com 
28.06.2013



 


Oil & Gas Journal:
Worldwide more than 100,000
paid subscriptions

Learn more

.
Invitation from the
Oil & Gas Journal
and Offshore Magazine:


This 'Executive Brief'
could be yours


 Click here ... and see what we have designed, produced, published and promoted  for WIKA and FMC Technologies ... and what we would like to do for you.

.
PennEnergy Weekly
  Video News

 .PennWell Petroleum Group:

OGJ - Oil & Gas Journal
OGJ_eNewsletter 
Offshore Magazine
Offshore eNewsletter 
Oil & Gas Financial Journal
Oil, Gas & Petrochem
OGJ Russia
OGJ LatinoAmericana

PennEnergy
PennEnergy-eNewsletter

+ + + 

 For more information, media kits or sample copies please contact
wilhelms@pennwell.com
www.sicking.de

Please send news releases to Wilhelm Sicking - sicking-media@email.de