11 Aug 2022 19:32

Lukoil buys single legendary filling station in Moscow from Italy's Eni

MOSCOW. Aug 11 (Interfax) - Lukoil on August 10 became the owner of Eni-Nefto LLC, which was previously owned by Italian Eni, according to the Unified State Register of Legal Entities.

According to the SPARK-Interfax system, the property of the company is a land plot at 63G, Leningradskoye Avenue, Moscow, the location of a petrol station under the Agip brand (Eni subsidiary). The company also imported and sold lubricating oils in Moscow.

In 2021, the LLC, whose core business is trading motor fuel, posted revenue of 1.1 billion rubles compared with 880 million rubles a year earlier, but net profit was almost halved - 26.2 million rubles compared to 53.1 million rubles in 2020.

Eni was the first foreign company to open a filling station in Russia on May 6, 1991, via the NeftoAgip Soviet-Italian joint venture. The Italian side was represented by ENI S.p.a. concern and the Soviet side by Mosnefteprodukt. In 2004, the Italian side bought the enterprise outright.

Interfax sent inquiries to the companies for comment.

In late May, Lukoil bought Anglo-Dutch Shell (SPB: RDS.A) downstream assets: a network of 411 filling stations located mostly in the Central and North-Western Federal Districts, as well as a plant for production of lubricants in Torzhok. Lukoil intends to develop the Shell filling station network in Russia under the Finnish Teboil brand.