Lukoil looking to get rid of trading unit amid legal battle

Oil company Lukoil is prepared to sell its trading unit Litasco, CEO tells local media. Litasco was this week hit by compensation claims for USD 2 billion filed by a Turkish company.

by NIKLAS KRIGSLUND

Russian oil major Lukoil is exploring the possibilities of divesting its trading unit Litasco, which this week was hit with a billion-dollar claim from a Turkish business partner.

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