Lukoil to enter Poland

The Russian oil giant Lukoil is set to buy 82 of ConocoPhilips' Jet petrol stations in Poland, gaining a toehold in the local market.

In 2002, Lukoil tried to take over the Gdańsk oil refinery, only to have the transaction blocked by the Polish government due to "political risk." It seems, however, that the situation is different now. "It is not a refinery but a chain of petrol stations, it is not a threat to our energy safety," said Deputy Economy Minister Piotr Naimski.

Source:www.wbj.pl