LUKOIL is buying 31 filling stations in the Benelux countries, according to the company's press release.
In particular, LUKOIL has already acquired 10 automatic gasoline stations in Belgium sharing the OERAL brand. These filling stations will be re-branded to match LUKOIL's corporate style and come on stream as LUKOIL Express stations.
Also, the acquisition of 21 filling stations in the Netherlands operating under the ROTONDE brand is near completion. 15 of these filling stations operating unattended will also be rebranded as LUKOIL Express.
The new acquisitions will increase LUKOIL's pool of filling stations in the Benelux countries to 250: 187 in Belgium, 61 in the Netherlands, and 2 in Luxembourg. LUKOIL tapped into the retail market of the Benelux countries in 2007 buying a chain of filling stations in Belgium and Luxembourg. In 2012, the company went on to acquire a chain of filling stations in the Netherlands.
OAO LUKOIL (tax number: 7708004767) is Russia's second largest oil producer. The company's authorized capital is RUB 21,264,081.375 represented by 850,563,255 common shares at par value of RUB 0.025 currently in circulation. The largest block of the company's shares is owned by its management.
In 2012, LUKOIL reduced oil production by 0.9% to 89.9 million tonnes. As of the start of 2012, LUKOIL's proved reserves of hydrocarbons under SEC standards amounted to 17.3 billion barrels of oil equivalent.
US GAAP net profit of LUKOIL for January-September 2013 decreased by 6.3% to $7.79 billion from $8.316 billion for the same period in 2012. Sales revenue went up 2.3% to $105.56 billion from $103.152 billion. Net earnings per share decreased by 5.4% to $10.32 c $10.91.
According to the information and retrieval system DataCapital, RAS net profit of LUKOIL for H1 2013 fell by 42% to RUB 156.4 billion.