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    RT: Lukoil sells off gas stations to Hungary, Slovakia, Czech Republic

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Russia’s second largest oil producer Lukoil is going to sell a network of gas stations across the Czech Republic, Slovakia, and Hungary

by: Sruthi

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RT: Lukoil sells off gas stations to Hungary, Slovakia, Czech Republic

Russia’s second largest oil producer Lukoil is going to sell a network of gas stations across the Czech Republic, Slovakia, and Hungary as it continues to slim down assets in Central Europe.

Lukoil signed an agreement with Hungarian oil and gas company Mol Plc and Norm Benzikut, it said in a press release on Monday. "The decision to sell the assets was taken as part of the effort to optimize Lukoil’s business in petroleum product marketing," the statement said.

Lukoil President Vagit Alekperov last week told Reuters that the company is looking to sell off assets in Europe in order to better focus on Russian projects.

Last week, Lukoil announced it will offload 240 service stations in Western Ukraine to Austria’s AMIC Energy Management GmbH. The decision came after Right Sector nationalists blocked and demanded free gas from several stations in western Ukraine.
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