Lukoil sales soar to $180m

Lukoil Downstream Romania SRL, a subsidiary of Russian oil group Lukoil, logged $120m turnover for the first nine months of the year, with one third accounting for gas station sales, Andrei Chirilescu, the company’s executive manager told Ziarul Financiar. Lukoil has come to hold 74 gas stations in Romania, but aims to own 100 units by yearend. The Russian company, which operates on the domestic market of fuel distribution, estimates 2002 turnover to reach $180 million, sensibly higher than initial forecasts, which pointed to only 80 million dollars. ZF