LITASCO (LUKOIL International Trading and Supply Company) has been the sole agent for the Company's international marketing and trading operations since 2000.
Transfer of all export operations to a single Company simplified export arrangements, optimized export flows and assured transparency of LUKOIL's oil and petroleum product exports.
LITASCO takes delivery of LUKOIL system barrels at load port in the Arctic Sea, the Baltic Sea, the Black Sea and at the Western Pacific Ocean.
Our international diversification has further increased when LITASCO has started marketing in 2014 of oil produced at the West Qurna-2 field in Iraq, which is being developed by LUKOIL.
Traditionally, LITASCO sold and delivered oil and petroleum products to refiners and end users in the areas surrounding the port of loading.
However, the dynamics of the markets have changed and today LITASCO is increasingly supplying new markets such as Africa, North and Latin America as well as Far East Asia.