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Lukoil and Yukos lose out.
Russian firms Lukoil and Yukos were also interested in buying the Gdansk refinery, but appear to have lost out for political reasons (see p2).
Lukoil supplies Gdansk with small volumes of light sweet crude which it produces in Kaliningrad, supplementing the Urals crude supplied through the Druzhba pipeline. Yukos delivered 2.63mm t of crude to Poland in 2000 -- a 240pc increase on the previous year. Just under half was re-exported from the port of Gdansk, where Yukos uses Gdansk refinery storage facilities.
Acquisition of Gdansk would have tied in with both firms' downstream expansion plans for central and eastern Europe. Lukoil already has refineries in …
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Newspaper article from: FSU Energy
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Newspaper article from: FSU Energy
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News wire article from: Europe Intelligence Wire
November 11, 2002
700+ words
