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Lower EU refining margin hurts Russia’s Lukoil

June 16, 2014, 17:32 UTC+3 MOSCOW
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MOSCOW, June 16. /ITAR-TASS/. The decrease of margin from refining oil in the EU hurts business of Russian oil major Lukoil, CEO Vagit Alekperov said on Monday during the World Petroleum Congress.

“We are working on the European market and we, of course, are under pressure,” Alekperov said, adding that the low margin has forced 12 EU refineries to close in the recent years.

Lukoil’s distribution network covers 27 countries, the company owns 5,700 gas filling stations.

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