LUKOIL to expand Asia oil products trade H1 2010

Published: 03 Nov 2009 21:52:10 PST

SINGAPORE, Nov 4 - LUKOIL Asia-Pacific will expand its trading business in this region, especially in naphtha and fuel oil, by first-half 2010, said Litasco CEO Gati al-Jebouri on Wednesday. "We are looking to grow our business across the board in Asia, Singapore in particular," he said, adding that LUKOIL has its strength in fuel oil and naphtha in Asia. Litasco is the trading arm of Russian oil major LUKOIL.

"We had seen some changes in our (Asian) trading team over the past six months. And with respect to growing the business, watch this space, there will be some interesting news within the next six month," he told Reuters on the sidelines of the Asia Pacific Petroleum Conference (APPEC).