Lukoil Ukraine to invest USD 100mn in development of retail chains by 2017.

By bne IntelliNews September 14, 2012
The Lukoil Ukraine intends to channel about USD 100mn in modernization of its existing and the purchase of new gasoline filling stations, as well as in reconstruction of oil storage depots by 2017, Lukoil Ukraine's General Director Andrii Havrylets announced. Moreover, the company plans to build at least five new gasoline filling stations (in Dnipropetrovsk, Zaporizhia, and Khmelnytskyi) and reconstruct about 40 gasoline filling stations in 2013. The Lukoil chain of gasoline filling stations currently has 281 filling stations. According to Havrylets, Lukoil presently accounts for about 8% of the total volume of gasoline sold at gasoline filling stations on the Ukrainian market. The company expects to increase its share to 10% within 5-7 years. Lukoil-Ukraine forecasts the sale of 500,000 tonnes of petroleum products from its gasoline filling stations in 2012.

Related Articles

Metro Ukraine raises sales by 11% y/y to EUR 877mn in 2012.

In 2012, Metro Cash&Carry Ukraine, which is a retail division of the Metro Group (Germany), raised sales by 10.9% y/y to EUR 877mn, the company said. The company opened two new wholesale ... more

NBU: Gross external debt of Ukraine up 2% q/q in Q4/2012

The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, ... more

EC makes new recommendations for Ukraine.

The European Commission recommends Ukraine to focus on meeting its commitments under the association agenda, reads the ENP Country Progress Report 2012 - Ukraine released on Wednesday. In ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 296
Dismiss