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LukArco
From Wikipedia, the free encyclopedia
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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]
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]
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