LukArco
{{Infobox company
| name = LukArco B.V.
| type =
| industry = Oil and gas
| founded = February 1997
| defunct =
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| successor =
| headquarters =
| area_served =
| key_people =
| products =
| parent = Lukoil
| website =
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}}
LukArco B.V. is a subsidiary of the Russian oil company Lukoil. It was formed in February 1997 as a joint venture between Lukoil and the former American oil company ARCO.[http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=2001277 ARCO, LUKoil Sign Summary Shareholders Agreement, Detailed Financing Terms for LUKARCO Joint Venture] {{webarchive|url=https://web.archive.org/web/20110608080020/http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=2001277 |date=2011-06-08 }}
In 2000, ARCO merged with the UK oil company BP, and BP became a shareholder of LukArco with a 46% stake. In December 2009, BP sold its stake to Lukoil, making Lukoil the sole shareholder of LukArco.{{cite news | url=http://uk.reuters.com/article/idUKGEE5BA27N20091211 | archive-url=https://web.archive.org/web/20091215102113/http://uk.reuters.com/article/idUKGEE5BA27N20091211 | url-status=dead | archive-date=December 15, 2009 | title=BP says Lukoil buys out stake in CPC pipeline JV | publisher=Reuters | date=2009-09-11 | access-date=2009-09-12 | first=Lorraine | last=Turner}}
LukArco is a partner in the Caspian Pipeline Consortium with a shareholding of 12.5%,[http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=2000952 ARCO, LUKOIL Formalize Joint Venture Agreement; First Investment is in Caspian Pipeline Consortium; Negotiations Proceed for Tengiz Oil Field Involvement] {{webarchive|url=https://web.archive.org/web/20071011105146/http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=2000952 |date=2007-10-11 }} and is a partner in the consortium Tengizchevroil (TCO).[http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=2000876 LUKARCO Acquires 5% Interest in Tengiz Oil Field from Chevron] {{webarchive|url=https://web.archive.org/web/20110608080033/http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=2000876 |date=2011-06-08 }} LukArco owns a 5 percent share at Tengiz.{{cite news |last1=Watters |first1=Kate |title=Sidestepping the Sanctions on Russia |url=https://inkstickmedia.com/sidestepping-the-sanctions-on-russia/ |publisher=Inkstick |date=October 4, 2022}}
References
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{{Portal|Energy}}
Category:Oil companies of the Netherlands
Category:Oil and gas companies of Kazakhstan
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