LUKOIL to double gasoline exports

ST PETERSBURG: Russia's No. 2 oil company LUKOIL will soon double straight-run gasoline exports from its Vysotsk oil terminal, the company's vice president said on Thursday.

Valery Subbotin also told Reuters in an interview that LUKOIL is considering exporting products from the Baltic Sea port of Ust-Luga.

"Ust-Luga has offered to load our product fuel oil as well as other products," Valery Subbotin told Reuters in an interview during the St Petersburg Economic Forum, referring to the Ust-Luga terminal in northwest Russia owned by oil trader Gunvor.

"We are looking at the possibility of working together. We have very large volumes so we will go where it is the most effective."

Copyright Reuters, 2011