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Lukoil looks to the future

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Uploaded by on Oct 18, 2009

Russia's largest private oil producer Lukoil is working on expanding its presence in Western Europe, recently buying major stakes in oil refineries in Italy and the Netherlands. It is run by former Soviet government official Vagit Alekperov, now one of the world's richest men. Energy has always been considered a strategic industry by the Russian state, but Alekperov seems to have been able to avoid the kind of attention other private oil companies have received from the Kremlin. Vagit Alekperov spoke with euronews Business Affairs reporter Natalia Marshalkovich in Moscow.

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