Founded 1997 | Parent organization Lukoil | |
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Similar Chornomornaftogaz, Exillon Energy, Gazprom Neft | ||
LukArco B.V. is a subsidiary of the Russian oil company Lukoil. It was formed in February 1997 as a joint venture between Lukoil and the former American oil company ARCO. In 2000, Arco merged with the UK oil company BP, and since BP became a shareholder of LukArco with 46% shares. In December 2009, BP sold its stake to Lukoil and thereafter Lukoil became a sole shareholder of LukArco.
LukArco is a partner in the Caspian Pipeline Consortium with a shareholding of 12.5%, and is a partner in the consortium Tengizchevroil (TCO).
References
LukArco Wikipedia(Text) CC BY-SA