Difference between revisions of "LukArco"
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Latest revision as of 15:37, 27 April 2025
LukArco B.V. is a subsidiary of the Russian oil company Lukoil. It was formed in February 1997 as a joint venture between Lukoil and the former American oil company ARCO.<ref>ARCO, LUKoil Sign Summary Shareholders Agreement, Detailed Financing Terms for LUKARCO Joint Venture</ref> In 2000, Arco merged with the UK oil company BP, and since BP became a shareholder of LukArco with 46% shares. In December 2009, BP sold its stake to Lukoil and thereafter Lukoil became a sole shareholder of LukArco.<ref name=reuters111209> Template:Cite news </ref>
LukArco is a partner in the Caspian Pipeline Consortium with a shareholding of 12.5%,<ref>ARCO, LUKOIL Formalize Joint Venture Agreement; First Investment is in Caspian Pipeline Consortium; Negotiations Proceed for Tengiz Oil Field Involvement</ref> and is a partner in the consortium Tengizchevroil (TCO).<ref>LUKARCO Acquires 5% Interest in Tengiz Oil Field from Chevron</ref>
