Lukoil, Gazprom Neft to keep equal share in bunker supplies to Russian Baltic ports next years

LUKOIL and Gazprom Neft will retain roughly equal share in the supply of low-sulfur fuel oil for bunkering in the Baltic ports of Russia in the next 2-3 years, the chief of business development department of OAO LUKOIL Roman Kovalchuk said, speaking at the Eurasian Bunkering Conference and EURABEX Expo in St. Petersburg, the PortNews correspondent reported.

The share of the two companies in this segment is expected to be roughly equal by the end of 2010. Roman Kovalchuk noted that Lukoil is betting on the bunker sails to retail consumers.

LUKOIL and GazpromNeft have two subsidiaries: LLC LUKOIL-Bunker and Gazpromneft Marine Bunker respectively.