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Stock Market & Financial Investment News

News Breaks
July 31, 2014
06:31 EDTLUKOYLukoil to sell filling stations in Ukraine to AMIC
LUKOIL and Austria’s AMIC Energy Management GmbH have reached an agreement in principle to sell 100% of LUKOIL-Ukraine CFI, which owns around 240 filling stations and 6 petroleum tank farms in Ukraine. Negotiations were initiated by the Austrian party who expressed their interest in acquiring the assets.Currently, the parties are interacting as part of the due diligence of assets and are preparing to sign a sale-and-purchase contract. “The sale of the filling-station network and petroleum tank farms in Ukraine to AMIC will help LUKOIL optimize its asset structure and distribution-network management system in Eastern Europe, to which we attach great importance seeking to enhance the efficiency of our business in terms of petroleum-product sales," Vadim Vorobyov, LUKOIL VP, said.
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September 19, 2014
07:40 EDTLUKOYLukoil evaluating impact of sanctions on Total jv, Reuters reports
The CEO of Lukoil (LUKOY) said the company is evaluating the impact of U.S. and European sanctions on its joint venture with Total (TOT), with which the Russian company is developing the Yamal LNG project and was planning to drill for tight oil in Siberia, reported Reuters. Reference Link

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