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January 23, 2007 12:42 pm

Lukoil’s reach

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Just as Gazprom, the Russian gas group, is increasing its presence in the European Union through downstream investments in gas, so Lukoil, the largest Russian oil group, is carving out a position for itself in oil.

While Gazprom has often stirred political controversy through headline-making projects, Lukoil has employed more subtle tactics – and concentrated primarily on countries in south east Europe where Russia engenders less political suspicion than in central and western Europe.

Click on region to show downstream investments by Lukoil and other Russian groups in the European oil industry

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