Tatneft and LUKoil may exchange filling stations in Tatarstan

The leadership of LUKoil intends to reject a network of its own filling stations in Tatarstan, said LUKoil First Vice President Ravil Maganov.

He said that the rejection of the LUKoil network was due to the fact that rival Tatneft filling stations dominate the Tatarstan market. Therefore, LUKoil believes that it makes sense to exchange filling stations with Tatneft in different regions where Tatneft has not more than 10-12 filling stations.

According to Maganov, the level of cooperation between LUKoil and Tatneft is high. LUKoil subsidiary RITEK extracts just under 1 million tonnes of oil per year in the Nurlatsky region of Tatarstan and uses the Tatneft infrastructure. 'LUKoil and Tatneft always coordinate their activities,' said Maganov. He also said that LUKoil President Vagit Alekperov and Tatneft General Director Shafagat Tahautdinov 'are not only well acquainted, but friends' which 'regularly meet and discuss strategy.' 'We are not competitors, our interests do not collide. Furthermore, even in Iraq we are working in a parallel fashion - LUKoil has their own fields, and Tatneft has other fields. Therefore, antagonisms have not and will not exist in our relations,' said Maganov.

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Author`s name: Editorial Team