Lukoil looks to the future

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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• euronews
• interview
• Vagit
• Alekperov
• lukoil

[tomica100]

LAJKAM,

GOOD COMP. WORKING IN IT :)

[Athenaikos]

Interesting. The mentioning of the north Caspian region also brings into focus the competing efforts of others, such as Turkey which uses a Pan-Turkic idea as a carrot to gain influence in a number of ex-Soviet states for the purpose of leveraging its EU aspired stance as an energy alternative provider. I believe that Lukoil needs to expedite its efforts in becoming the most reliable and most substantial European energy provider by protecting market share and maximizing asset value.