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Lukoil head says pressure of EU countries may force to sale assets in Europe

June 16, 2016, 17:05 UTC+3 ST.PETERSBURG

The company has recently faced serious problems in Eastern Europe

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ST.PETERSBURG, June 16. /TASS/. The pressure the authorities of a number of EU countries are putting now on the assets of Russian oil major Lukoil may force the company to sell its assets in Europe in the mid-term perspective, head of Lukoil Vagit Alekperov said in an interview with RBC TV.

He said that the company has recently faced serious problems in Eastern Europe. In Particular he mentioned the legal dispute in Romania which has been on for two years.

"Our sector is politicized," he said.

"In general, this is pushing us to transfer our assets, especially downstream ones (oil refinery - TASS), located in Europe into a separate European company. Or to put them under one managing company or even to sell them in a mid-term," he said.

"These are not the assets which are strategic for us today," he added.

According to Alekperov, the company’s bad assets may be either sold in bulk or in parts or offered to the shareholders.

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