Baku, Azerbaijan, Sept.25
By Leman Zeynalova – Trend:
The volume of oil products sold in Azerbaijan by Russia’s LUKOIL company stood at 176,200 tons in the first half of 2019, the company told Trend.
LUKOIL said that the volume of transshipment of oil products through the company’s oil depot in Azerbaijan amounted to 176,900 tons during the reporting period.
LUKOIL is one of the largest publicly traded, vertically integrated oil and gas companies in the world accounting for more than 2 percent of the world's oil production and around 1 percent of the proved hydrocarbon reserves.
LUKOIL has been operating in the oil and gas sector of Azerbaijan since 1994. The company has a 10 percent stake in the Shah Deniz and South Caucasus Pipeline projects. In addition, the company participates in Azerbaijan’s retail fuel market.
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