Jet Filling Stations Operated
by LUKOIL Czech Republic from July
Prague July 17, 2007 – From the beginning of July, Czech JET filling stations have been operated by LUKOIL Czech Republic, a newly formed limited company. Legally, it succeeds the stations’ previous owner and operator, ConocoPhilips. Nazim Suleymanov is the new CEO. He also manages the activities of the Russian multinational company LUKOIL in Central and Eastern Europe. LUKOIL Czech Republic has the same seat as its predecessor. Likewise, other company details such as the corporate registration number, VAT identification number, banking details, and phone numbers remain the same.
“Our suppliers and consumers won’t notice the change immediately,” says Nazim Suleymanov, Managing Director of LUKOIL Czech Republic. “From our business partner, we took over everything – the seat and the network of filling stations – as is. For the public, the changes will become visible only after the rebranding of the filling stations,” adds Mr. Suleymanov.
In line with the contractual stipulations governing the acquisition transaction between LUKOIL and ConocoPhilips from the end of last year, LUKOIL Czech Republic is now solely responsible for the management and operation of all Czech JET filling stations. Under that deal, LUKOIL, the Russian multinational and the Czech company’s owner, agreed to acquire from ConocoPhilips its 156 filling stations in Belgium, 49 in Finland, 44 in the Czech Republic, 30 in Hungary, 83 in Poland, and 14 in Slovakia. On their national markets all are among the most efficient stations. The rebranding and change of face will take around two years.
LUKOIL is one of the world’s leading vertically integrated oil and gas companies. The company’s core activities are exploration and production of oil and gas, production of petroleum products and petrochemicals, and marketing of these outputs. Most of the company’s exploration and production activities are located in Russia, and its main resource base is in Western Siberia. LUKOIL owns modern refineries and gas processing and petrochemical plants located in Russia, Eastern Europe, and other near-abroad countries. Most of the company’s production is sold on the international market. LUKOIL petroleum products are sold in Russia, Eastern and Western Europe, neighboring countries, and the USA. ConocoPhilips holds a 20 % share in LUKOIL.