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LUK Oil
From SourceWatch
LUK Oil -- LangepasUraiKogalymneft -- is a Russian, state-owned oil company comprised of the Langepasneftegas, Uraineftegas and Kogalymnefte "gas production associations and selected refining operations," was established on 25 November 1991. LUKOIL takes its name from "LangepasUraiKogalymneft," which were "re-organised into an open joint stock company by decision of the Council of Ministers of the Russian Federation" on April 5, 1993. In compliance with a Presidential Decree on November 17, 1992, the Government transferred 38% of the ordinary shares (51% of the voting shares) of the three original production associations, as well as two refining companies, seven wholesale and retail distribution companies and three oil industry related companies, to LUKOIL. The remaining shares in these companies was "held by the management and employees of these organisations and by others. Company LUKOIL was registered at the Moscow Registration Chamber on April 22, 1993." Early in 1994, LUKOIL was re-organised into Open Joint Stock Company. [1]
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Getty Petroleum
At the end of 2000, LUKOIL became the owner of Getty Petroleum Marketing Inc., an American company which controlled "1,260 petrol stations in thirteen Northern-Eastern states of the USA. The company market share is 4% in the area as a whole and 9% in core urban areas such as New York and New Jersey." [2]
Business partners
LUKOIL's business partners include American petroleum companies Exxon Mobil, Shell Oil, Conoco, and ChevronTexaco.[3]
Contact details
11 Sretensky Boulevard
Moscow, Russia, 101000
Tel: (+7 495) 627 4444
Fax: (+7 495) 625 7016
Telex: 612 553 LUK SU
Web: http://www.lukoil.com
SourceWatch resources
External links
- Rich Smith, "Lukoil Looks Abroad," The Motley Fool, January 16, 2004.
- Peter Gelling and Azi Paybarah, "Same Gas, Lower Prices," Queen's Tribune, June 17, 2005.
- Sean Seid, "Sen. Schumer Out Against Gas Price Gouging," The Epoch Times, September 5, 2005: "Senators Charles E. Schumer and Jon S. Corzine are calling for the Federal Trade Commission (FTC) to investigate possible gasoline price gouging on already high gasoline prices caused by Hurricane Katrina in the New York and New Jersey Metropolitan area. The two senators held a press conference at a Luk Oil gas station in Manhattan on Labor Day."
