Saturday, September 09, 2006

LUKoil to open 40 petrol stations in Macedonia in four years

MOSCOW, September 8 (RIA Novosti) - LUKoil [RTS: LKOH] is planning to open 40 petrol stations in Macedonia in the next four years, the press service of Russia's largest crude producer said Friday.

The company and the Macedonian government signed a memorandum on cooperation in June 2005 to supply oil products to the Balkan country.

LUKoil's refineries in Bulgaria and Romania will supply oil products to the stations.

The company purchased an oil storage facility with a 5,600 cubic meter reservoir in Macedonia in August 2006, and opened its first petrol station in Skopje Friday.

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