Posted by meb at July 28th, 2008

Lukoil, Russia’s second-largest oil producer, has acquired 100 percent of Turkish firm Akpet, which accounts for about 5 percent of Turkey’s oil retail market, the company said on Monday.

Lukoil said in a statement the deal gives it access to eight oil product terminals with a total capacity of 300,000 cubic meters, five liquefied natural gas (LNG) storage tanks with a total capacity of 7,650 cubic meters and three jet fuel terminals with a capacity of 7,000 cubic meters.

The price of the purchase has not been disclosed by the company.
source: Hurriyet daily

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