Lukoil To Buy 376 Filling Stations

Russia?s oil giant Lukoil will buy 376 filling stations in six European countries, the company?s press service said on Tuesday.

Lukoil has already signed an agreement on acquiring ConocoPhillips retail business.

Under the agreement, Lukoil will buy 156 filling stations in Belgium, 49 ? in Finland, 44 ? in the Czech Republic, 30 ? in Hungary, 83 ? in Poland and 14 ? in the Slovak Republic. These stations are among the most efficient in their respective markets.

All facilities will be re-branded from Jet stations as Lukoil stations within two years.

The transaction is expected to be finalized in the second quarter of 2007.