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Russian oil company reportedly sells unprofitable assets, not to leave Serbia.

BBC Monitoring International Reports

| May 21, 2012 | COPYRIGHT 2001 BBC Monitoring. (Hide copyright information)Copyright

Text of report by Serbian newspaper Vecernje novosti website on 18 May

[Report by "P.Z.": Lukoil Not Leaving Serbia"]

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"Lukoil is not even thinking about leaving the Serbian market and is, in fact, getting ready to start building new gas stations in the near future for which this company has already obtained necessary funding." This is what the representatives of this oil company told Vecernje Novosti following up on rumours that Lukoil was selling off its gas stations due to poor business results.

On their official website this Russian oil company recently offered potential buyers 30 gas stations and seven other buildings in Serbia. …

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