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NK Lukoil PAO
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Phone: +7 4956274444p:+7 4956274444 MOSCOW, 101000  Russian Federation Ticker: LKOHLKOH


Lukoil closes sale of Service Terminal Rotterdam


MOSCOW. April 30 (Interfax) - Lukoil (MOEX: LKOH) has closed the sale of Service Terminal Rotterdam, a bunker fuel terminal in the Netherlands, a Lukoil representative told Interfax.

It was reported in early April that oil trading company Litasco SA, a 100% Lukoil subsidiary, together with Burando Maritime Services, a leading maritime services provider in the Amsterdam-Rotterdam-Antwerp region, signed an agreement to sell 100% of their respective shares of Service Terminal Rotterdam to iCON Infrastructure Partners II, L.P.

Service Terminal Rotterdam is a modern, purpose built bunker fuel terminal strategically located in the Port of Rotterdam (Netherlands) with 242,000 cubic meters of storage capacity across two tank farms and a total quay length of 450 meters. The project was implemented by a 50-50 joint venture between Litasco and Burando Maritime Services.

In line with the agreement and its development strategy, Litasco will remain the primary user of Service Terminal Rotterdam under a long-term exclusive contract.

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(Our editorial staff can be reached at eng.editors@interfax.ru)


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