VOL. XLV

No 29

22-July-2002

RUSSIA

Lukoil Enters Cyprus Petroleum Product Distribution And Retail Market

RussiasLukoil has acquired 16 petrol stations in Cyprusafter winning a $12mn international tender required by the countryscompetition authorities, to become the fourth oil petroleum productdistribution and retail company operating on the island. Existing petrolstation operators BP Cyprus and ExxonMobil wererequested to sell 8 petrol stations each by the government after the merger ofExxon and...