Friday, June 23, 2017

Lukoil hoping to open operations at Koltsovo Airport

Lukoil is preparing to create an alternative wing-fueling operation at the Koltsovo Airport in Yekaterinburg, according to company president Vagit Alekperov.

The announcement was made on Tuesday, according to The Moscow Times.

"We plan for active involvement, such as the development of a new wing-fueling complex," Alekperov said, the Moscow Times reports. "I believe that if the documents are developed, construction would take a year."

Alekperov didn't discuss how much money would be invested into the project.

Fueling Company Koltsovo, part of TNK-BP, currently has operations at the airport, while Lukoil-Aero is a major supplier of aircraft fuel to the airport, according to The Moscow Times.

Lukoil is a major international oil and gas company. It accounts for 2.2 percent of global output of crude oil. The company has a strong position, which it says on its website is due to 20 year of work to expand the reserve base, increasing business scale by seeking out and executing strategic transactions.