LITASCO SA
LITASCO SA

History

With head office in Geneva, LITASCO Group has established additional trading and business development offices worldwide, extending its reach around the world from the United States to Europe, the Middle East and Asia, managing LUKOIL's global crude oil and petroleum products supply, marketing and trading needs.

In November 1999, LUKOIL Asia Pacific PTE LTD (LAP) was established.

The Company specializes in petroleum products, lubricant, marine fuels and chemicals trading in South East Asia and the Far East. LAP joined the LITASCO Group end of year 2004. 

In 2000, the LITASCO Company (that in 2008 changed its name to LITASCO SA) is founded in Switzerland as the "exclusive marketing and supply Company of the LUKOIL Group".  

At the end of 2001 LUKOIL Benelux BV was established. 
The Company concentrates on the physical bunker deliveries to sea-going vessels.

In December 2001, LITASCO SA Sweden Filial was established. 
The Company predominantly traded gasoil, diesel and jet fuel supplied throughout Scandinavia.

LUKOIL Sweden AB and currently operates in shipping and demurrage for LITASCO/EIGER SHIPPING.

In 2007, EIGER SHIPPING SA, a wholly owned subsidiary of LITASCO SA was established in Switzerland.

I n 2008, December 1, LITASCO SA Geneva, starts to operate the 49% share of the ISAB refinery (formerly ERG Raffinerie Mediterranee) which LUKOIL has bought in June 2008.

In 2009, September 1, LITASCO SA starts to operate LUKOIL acquired a 45% share in Total Raffinaderij Netherlands (TRN) from Dow Chemical Company. The refinery now called ZEELAND.

November 27, 2009, K&S TANKER AB became LUKOIL Sweden AB and LITASCO (Switzerland) S.A. Filial Sweden's activities have been transferred to this Company as per January 1, 2010. LUKOIL Sweden AB and currently operates in shipping and demurrage for LITASCO/EIGER SHIPPING.

April 27th, 2012, Opening ceremony in Barcelona of extension, called MEROIL TANK, S.L., and start of operations in the new capacity of 360.000 m3. 

June 2014: Marketing of West Qurna 2 crude production.