LITASCO SA
LITASCO SA

History

LITASCO SA was founded in 2000 in Switzerland as the international marketing and trading company of PJSC LUKOIL, a non-state owned publicly listed company.

With head office in Geneva, LITASCO SA 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.

The LITASCO Group, with its global trading, shipping, refining and retail activities and worldwide presence, has in 2 decades, positioned itself as one of the world's major traders of crude oil and refined petroleum products, dealing with a vast range of suppliers and customers, including all of the world's major oil corporations.

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".  

It became the largest Company in the LITASCO Group.
It has corporate and holding functions.

In May 2000, LITASCO SA Moscow Representative Office, was established.

Its activity consist in representative services.

 

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

In February 2002, LUKOIL Pan-Americas LLC was established. 
The Company trades crude and all products.
The office is located in Houston.

In September 2004, LITASCO Middle East DMCC,  was established in Dubai.
The Company trades all products.

 

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.

ISAB Refinery was a 100% LITASCO asset until its sale in May 2023.

 

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 is now called ZEELAND.

March 4, 2010, registration of LITASCO SA Central Asia LLC, in Astana, Kazakhstan, business has started on May 1, 2010.

July 29th, 2010, LITASCO SA established a joint venture (50/50) with Barcelona based oil Company MEROIL SA for the extension of the existing MEROIL terminal in the Port of Barcelona.

 

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.

 

 

As per March 11th, 2019, LITASCO SA in Switzerland is expanding business into Gas and Power

As per January 1, 2020 opening of LUKOIL Asia Pacific PTE LTD, Hong Kong Branch Office in Hong Kong

 

 

 

 

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