MOSCOW, Feb. 14 (UPI) -- LUKoil Co., Russia's no. 1 independent producer of crude oil, is planning to make a number of major acquisitions in the United States and Europe.
LUKoil President Vagit Alekperov said Monday at a meeting with Russian President Vladimir Putin that the company had begun aggressive investment work in Eastern Europe, mainly in oil refineries, the RIA Novosti news agency reported.
Alekperov said LUKoil's gasoline stations abroad were also a major source of revenue.
"LUKoil has about 2,000 gasoline stations working in the U.S. and about 600 in Western and Eastern Europe. These are good assets, which bring decent revenues," he said.
Putin hailed LUKoil's activities in Europe, saying they contributed to Russia's economic growth, as well as to the economic development of countries in the region.