Lukoil selects Fujian Nanan as partner for lube sales in China

LLK International, a 100% subsidiary of Russia’s Lukoil, has started regular shipment of lubricants to China in September, according to the company’s publication.
Fujian Nanan Export & Import, a state-owned company based in Nanan, Fujian province, has been selected as LLK International’s strategic partner in China. Lukoil plans to sell finished lubricants in 24 Chinese provinces through Fujian Nanan’s sales network.
In addition, LLK International and its partner plan to enter the retail market by opening oil change outlets. It is targeting the medium and medium-high price market segments.