LUKOIL owns gas stations in 20 countries and three refineries in Bulgaria, Romania and Ukraine with the total capacity of 16.7 million metric tons. The company's headquarters in central Moscow are seen in the picture.
Photo: Grigoriy Sobchenko
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Reshuffle in Offing at LUKOIL
Russian oil giant LUKOIL is preparing for restructuring management of its overseas downstream assets with an overhaul in the offing. The company says it is going to use experience of ConocoPhillips, its strategic partner. Industry analysts note that LUKOIL may soon shape a new management team for Europe with managers from the U.S. energy major.
LUKOIL President Vagit Alekperov said Friday his company is preparing for a reshuffle. The company is planning a restructuring in its downstream business which also includes the purchase of new foreign assets.
The oil producer would not specify, though, if a single company would be created to manage the overseas downstream sector. LUKOIL’s spokesperson says the company sent its managers abroad, to ConocoPhillips’ refineries to learn from its experience.
LUKOIL owns gas stations in 20 countries and three refineries in Bulgaria, Romania and Ukraine with the total capacity of 16.7 million metric tons. The company’s first vice-president Vladimir Nekrasov is currently in charge of downstream business both in Russia and abroad. LUKOIL denied reports that Mr. Nekrasov will be sacked in the reshuffle.
Analysts point out to a recent trend in LUKOIL to hire Western managers. The company may prefer to replace the Russian management of the foreign downstream business with managers from Conoco, experts say.
www.kommersant.com
All the Article in Russian as of Apr. 23, 2007
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