Russia’s Lukoil marine oil unit boosts sales by 74%

Lukoil Marine Lubricants Ltd., a unit of Russia’s largest private oil company Lukoil, boosted marine oil sales by 74% in 2012 to US$200 million, according to the unit’s statement released on April 12.
“At present, Lukoil Marine Lubricants Ltd is the fastest growing company in the industry,” the unit’s General Director Viktor Zhuravsky said.
Established in 2008, Lukoil Marine Lubricants Ltd. focuses on the production and sales of marine oils. It operates branches in Russia, Germany, Singapore, the United Arab Emirates and the U.S.
(April 12, 2013)