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.

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