Lukoil shipping It is also looking to lower the oil price cap. Oct 29, 2024 · Swiss-based energy trader Litasco is hiring experienced traders and has lined up credit lines to revive its business in the Americas that withered after Russia invaded Ukraine in 2022, three Oct 7, 2025 · American sanctions on Russian oil giant Lukoil have forced the company to declare force majeure for its Iraqi operations, taking nearly 10 percent of the nation's entire production offline through the closure of the giant West Qurna-2 oilfield, according to local and international media sources. Eiger provided the money in advance, chartering the vessels in preparation for acquisition. The Company owns crude oil and petroleum products transshipment facilities, as well as pipelines, which helps minimize transportation costs. Oct 14, 2024 · Explore the complexities of the Dark Tanker Fleet and its insurance, and discover how a major oil spill involving these vessels may not be covered, potentially costing coastal countries billions. 2 days ago · Discover the latest maritime news, shipping updates, and offshore industry insights at gCaptain. The announcement came after the UK and EU lowered the price cap for maritime service firms to transport Russian crude from $60/b to $47. This includes payments like document endorsement, tank farm access fees, tank storage extension fees. All purchases were financed by Dubai-based Eiger Shipping DMCC, which is owned by Litasco Middle East DMCC, the Middle East subsidiary of Litasco, Lukoil's oil trading division. Today the Company supplies fuel and lubes to the Russian sea and river ports, and has a wide network of representative offices across the globe. Agreements with logistics companies and petroleum sellers that require any payment for 6 days ago · Switzerland-based Gunvor has pulled out of a deal to buy Lukoil’s overseas assets after the US Treasury slammed the commodities trader and threatened to block its operations. The EU’s 17th sanctions package brings the number of Any petroleum sales and purchase agreement that requires any upfront payment by so called buyers should be taken with caution. Trusted by mariners and shipping professionals worldwide, gCaptain delivers real-time reports Aug 7, 2025 · Lukoil is restructuring its Middle East operations amid sanctions, moving trading activities to the new Dubai-based entity Alghaf Marine DMCC. 270: Network, Financial information LUKOIL PAN AMERICAS LLC, LUKOIL PETROLEUM LTD, COLONIAL OIL INDUSTRIES INC. LITASCO SA is a Swiss Limited international marketing and trading company, operating refineries and retail network in Europe. Over the past two decades, LITASCO has established itself as a reliable partner and supplier of crude oil and petroleum products with clients globally. Oct 10, 2024 · Lukoil has added 25 old tankers to its shadow fleet. 3 days ago · Lukoil’s international operations faced mounting disruptions on Friday as a U. sanctions, forcing Lukoil to sell its international assets to Gunvor. Iraq’s state oil marketing company (SOMO) suspended the loading of Lukoil’s share from the West Qurna-2 oil field, where the company Mar 23, 2021 · Russia’s two biggest oil companies, Lukoil and Rosneft, are preparing for a legal battle over transportation of Arctic oil in the country’s highest court. Lukoil, Russia’s Jul 21, 2025 · UK ‘hammers’ Russia with sanctions on 135 tankers as EU pulls measures on MOL ships Company that manages Gabon shipping flag and Lukoil’s Middle East sales unit also named UK foreign Jul 21, 2025 · Additionally, as Director of the company Admiral Shipping, he is involved in transporting and selling Russian crude oil," the European Council asserted in its listing. . Oct 30, 2024 · Litasco, the international oil trading and shipping firm owned by Russian oil company Lukoil, is looking to rebuild its business in the Americas by arranging credit lines and distancing itself The PJSC Lukoil Oil Company (Russian in Cyrillic script: Лукойл [ˈɫukɔɪɫ], stylized as LUKOIL and ЛУКОЙЛ in Russian Cyrillic) is a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petroleum, natural gas, petroleum products, and electricity. deadline for companies to cut off business with the Russian oil company looms and after a hoped-for sale of the operations to Swiss trader Gunvor collapsed. May 20, 2025 · UK government has added two russian captains, 18 shadow fleet tankers and Rhodania Shipping to the list. The British shipping broker Braemar, a major player in the sector, facilitated at least nine such transactions. The move was linked to concerns over US and UK sanctions imposed on the Russian energy firm. The company has declared force majeure at its 75%-owned West Qurna-2 field as Western Nov 4, 2025 · Russian oil major Lukoil is struggling to keep operations running at its sprawling foreign businesses as Western sanctions disrupt oil loadings in Iraq, pump stations in Finland and trading in Nov 5, 2025 · Iraq’s state oil marketer SOMO has canceled three crude shipments from Russia’s Lukoil following new U. S. The conflict between the companies has raged since 2018 when state-owned Rosneft complained to the Federal Antimonopoly Service about Lukoil’s tariff level on shipments from Varandey, the terminal on the coast of Rhodania Shipping SA, Geneva, Switzerland, Schweizer Handelsregister CHE-113. sanctions, on Thursday […] Over the years of work at the bunker market, LUKOIL's name has become synonymous with stability and high quality of products and services. The case explored issues involving the UK’s Russian sanctions regime, force majeure, and allegations of fraud. The move follows the Iraqi government's decision to cancel payments and export loadings for Lukoil - HSE LUKOIL HSE Policy SAFETY DATA SHEETS (SDS) Dangerous Goods Guide Public Disclosure of “Preventing and Reducing Effects of Major Industrial Accidents” Legislation Oct 11, 2024 · Each vessel was acquired by a distinct company registered in the Marshall Islands, and the transactions were financed by Dubai-based Eiger Shipping DMCC, owned by Lukoil. Jan 10, 2025 · New energy sector determination targets Russia’s primary revenue source with sanctions against Gazprom Neft and Surgutneftegas, more than 180 vessels, and dozens of oil traders, oilfield service providers, insurance companies, and energy officialsWASHINGTON — Today, the U. LUKOIL sells crude oil, gas and petroleum products in the domestic and international markets, driving optimal distribution of flows to fit the market. 2 days ago · Governments across Europe and the Middle East are rushing to ensure the sprawling oil operations of Russian energy giant Lukoil PJSC can keep running after sanctions by the US Treasury. Jan 5, 2024 · On 15 November 2023, Mr Justice Foxton granted summary judgment in favour of the claimant, Litasco SA, in a claim totalling over 44 million Euro and related to a breached agreement providing for the rescheduling of payments following the delivery of West African crude oil. Treasury, which would have to approve any sale as Lukoil is under U. Most of the Company's production is sold on the May 20, 2025 · The European Union on Tuesday published its largest-ever sanctions package targeting Russia’s shadow fleet, blacklisting 189 vessels. Founded in 2000 with headquarters in Geneva, Switzerland, LITASCO serves as an international trading, shipping and marketing company of PJSC LUKOIL, a privately owned and publicly listed fully integrated oil company. It was formed in 1991 when three state-run Oct 10, 2022 · The trading arm of Russia's Lukoil, Litasco, has moved part of its operations to Dubai over the last few months as European sanctions on Moscow push traders to neutral territory, according to LUKOIL owns modern refineries, gas processing and petrochemical plants located in Russia, Eastern and Western Europe, near-abroad countries. Lawyers and brokers, including the London-registered company Braemar, also facilitated the Find the group structure chart of LUKOIL, with the list of companies belonging to the same group as LUKOIL, as well as the executives of each private and listed company. Nov 4, 2025 · Russian oil major Lukoil is struggling to keep operations running at its sprawling foreign businesses as Western sanctions disrupt oil loadings in Iraq, pump stations in Finland and trading in Switzerland, sources said. 386. Nov 4, 2025 · Shafaq News – Baghdad Iraq has canceled three crude oil shipments belonging to Russia’s Lukoil since the beginning of November, Reuters reported on Tuesday. Contact LITASCO SA for inquiries and information about their international marketing, trading, and energy services. Oct 30, 2024 · Litasco, the international oil trading and shipping firm owned by Russian oil company Lukoil, is looking to rebuild its business in the Americas by arranging credit lines and distancing itself Oct 10, 2024 · Lukoil has added 25 old tankers to its shadow fleet. The U. May 20, 2025 · Each ship was bought by a different special purpose company incorporated by Ormerod in the Marshall Islands, but Lukoil’s Dubai-based Eiger Shipping DMCC provided the funds by paying in advance Oct 10, 2024 · The FT investigation shows how Russia’s Lukoil used its shipping arm to finance a 74-year-old British accountant called John Ormerod to buy Canis Power, one of the ships later sanctioned by the West, and at least 24 other second-hand oil tankers hand between December 2022 and August 2023, for a total cost of more than $700 million. 2 days ago · Giant Russian oil group Lukoil will not be shipping oil cargoes from its major Iraqi field any time soon. , The UK has sanctioned a Lukoil-linked trading house in the UAE and 135 oil tankers in its latest clampdown on shadow fleet operations, the government said on July 21, highlighting its efforts in undermining Russia's war chest against Ukraine. Oct 14, 2024 · The funds were provided by Eiger Shipping DMCC, which is based in Dubai and linked to Lukoil. According to FT sources, the tankers are managed by Dubai-based companies associated with Muhammad Tahir Lakhani, a British shipping tycoon of Pakistani origin.  At present, LITASCO 6 days ago · Details:Identifications: Find the group structure chart of LUKOIL, with the list of companies belonging to the same group as LUKOIL, as well as the executives of each private and listed company. 6/b on July 18 Nov 4, 2025 · Torbjörn Törnqvist's Gunvor Group is seizing an opportunity created by US sanctions with a company-transforming deal to purchase the international assets of Lukoil PJSC, Russia's second-largest Secure login page for Grindrod Shipping SMS platform. Department of the Treasury took sweeping action to fulfill the G7 commitment to reduce Russian revenues from energy LUKOIL North America LUKOIL North America Provides a wide array of products and services through its network of retailers in the states of New York, New Jersey and Pennsylvania. tm kkhix ejvo wbjp spsqp cf1yrx 5i9 a2wno fojj jjr9rq