Lukoil invests in its Vienna hub for foreign business

© Reuters/Maxim Shemetov

The Russian oil and gas company Lukoil is strengthening its foreign business bundled in Vienna thanks to a capital injection of EUR 6.2 billion in its subsidiary Lukoil International GmbH headquartered in Vienna.

The Viennese business location is particularly important to the Russian oil company due to its activities in Western Europe. The company employs a staff of 130 people in Vienna and generated net revenue of EUR 217 million in the year 2015. Lukoil is one of the world’s biggest private companies involved in the extraction of crude oil and gas and processing them into petroleum and petrochemical products. The Lukoil Group has been operating in Vienna since 1995 and currently has four subsidiaries registered in the city.