What is Lukoil and What Does It Do in Austria?

EnergyOil & Gas ♦ Published: March 13, 2019; 18:23 ♦ (Vindobona)

Lukoil Oil Company is the second largest Russian oil multinational with a turnover of USD 102 billion, of which approximately USD 250 million comes from Austria. Lukoil has been represented in Austria since 1995 and currently operates from Vienna four subsidiaries with activities in 40 countries.

Lukoil Company Headquarters Moscow / Picture: © Wikimedia Commons / NVO [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

Lukoil is a Russian multinational energy corporation and Public Joint Stock Company (PJSC) headquartered in Moscow, which was formed in 1991 when three state-run, western Siberian companies merged.

The company specializes in the business of extraction, production, transport, and sale of petroleum, natural gas, and petroleum products.

It is the second largest company in…