LITASCO (LUKOIL International Trading and Supply Company) that conducts all of the Group's supply and trading operations outside of Russia has been acting as a single operator of LUKOIL Group's international trade since 2000.
Transfer of all export operations to a single operator company simplified export plans, optimized export flows and ensured oil and petroleum product export transparency. LITASCO is consistently raising profitability of its trading operations through optimization of the supply chain management system and increase of the trade volume with third parties.
The LITASCO Group incorporates subsidiaries and branches located in the USA, the Netherlands, Sweden, Germany, the Middle East, Kazakhstan, Singapore, as well as representative offices in Russia and China.
Northwestern Europe, as well as the countries of the Black Sea Basin and the Mediterranean region have traditionally been LITASCO's key markets. In addition to its key markets, the Company is developing new markets in Central America, China and the Middle East. The company is expanding its presence in the oil producing regions of West, Sub-Saharan and South Africa, implementing projects in Central America and Colombia.