LukArco
From Wikipedia, the free encyclopedia
LukArco B.V. is a subsidiary of the Russian oil company Lukoil. It was formed in February 1997 as a joint venture between Lukoil and the former American oil company ARCO.[1]
| Industry | Oil and gas |
|---|---|
| Founded | February 1997 |
| Parent | Lukoil |
In 2000, ARCO merged with the UK oil company BP, and BP became a shareholder of LukArco with a 46% stake. In December 2009, BP sold its stake to Lukoil, making Lukoil the sole shareholder of LukArco.[2]
LukArco is a partner in the Caspian Pipeline Consortium with a shareholding of 12.5%,[3] and is a partner in the consortium Tengizchevroil (TCO).[4] LukArco owns a 5 percent share at Tengiz.[5]
