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- W2273944996 abstract "UNITED STATES ... AMERICANS TO FILL UP AT RUSSIAN GAS STATIONS. LUKoil Will Build Chain of Gas Stations in the US. (By Kirill Gorsky. Kommersant-Daily, July 30, 1997, p. 7. Condensed text:) A gas station that will be part of a new Food Lion/LUKoil gas station chain half controlled by LUKoil, the Russian oil company, opened yesterday in the town of Altavista, Virginia. The chain's owners intend to build 2,000 stations in the US over the next five years, which would make Food Lion/LUKoil a major player in the US retail fuel market: The top five oil companies in that market own between 8,000 and 9,000 gas stations. ... The gas stations will be built, serviced and operated by the American company Nexus Fuels, 50% of whose stock is owned by LUKoil. The supermarket chain Food Lion, Inc., with 1,100 outlets in 14 states, is another partner of the Russian oil company. The new gas stations will be built in the parking lots of Food Lion stores (two stations are already under construction in West Virginia). ... According to the president of Nexus Fuels, William Hall, 10 stations will be opened in the next few weeks, and 100 by the end of the year. There are also plans for collaboration with supermarket chains in Maryland, Massachusetts and Minnesota. ... LUKoil's press service informed Kommersant-Daily that the company currently owns and operates 800 gas stations in Russia and the CIS countries, and that it expects to increase that number to 1,300 over the next five years, not only by adding stations in markets where the company is already established, but by expanding into Poland and Turkey as well. . . . ... [LUKoil president Vagit] Alekperov said that revenues from the gas stations' operation will be invested in Russian industry, beginning with precision machine building. . . . ... [Translations copyright 1997 by The Current Digest of the Soviet Press.]" @default.
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- W2273944996 date "1997-08-27" @default.
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- W2273944996 title "AMERICANS TO FILL UP AT RUSSIAN GAS STATIONS. LUKoil Will Build Chain of Gas Stations in the US" @default.
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