Listed in Commodities
- Almas Tower - Dubai - United Arab Emirates
- +971 4 454 2151
The LITASCO Group has been responsible for LUKOIL international trading activities since year 2000 and in order to ensure full transparency for both investors and management, all the LUKOIL Group crude oil and products exported from Russia have been handled by the company during this whole period.
LITASCO SA has established subsidiary offices in ten countries, extending its reach around the world from the United States to Europe, the Middle East and Singapore.
In 2012, LITASCO traded over 36 million metric tons of crude oil and 79 million metric tons of petroleum products.
The total volume of physical barrels handled in 2012 was over 2.35 million barrels per day.
LUKOIL system volumes accounted for 44% of total transactions.
The LITASCO Group’s functions include also the international expansion of the Group’s trading operations.
Third party trading activity in 2012 represented approximately 46 percent of the LITASCO Group’s total activity.
Trading with third parties allows the LITASCO Group to increase the efficiency of the LUKOIL Group’s oil and petroleum products export and enables the company to further expand its international operations.
Expansion of LITASCO SA’s global market share on both sides of the Atlantic Ocean and in the Far East has established it as a major international trading company.
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