LUKoil mulling acquisition of oil refinery in U.K. - CEO

Iran Materials 28 June 2006 14:07 (UTC +04:00)

(RIA Novosti) - LUKoil is looking to buy an oil refinery in Britain from British major BP, the CEO of Russia's largest independent crude producer said Wednesday.

"We are considering the possibility of buying a refinery," Vagit Alekperov said, adding that his company was interested in the acquisition of oil-processing capacities, reports Trend.

"I believe that we need to integrate, since our oil production volumes are very high," he said.

BP announced Tuesday that its refinery, which has capacity of 8 mln tons of oil a year, was up for grabs.