Lukoil 'Not Affected' By Cyprus Crisis

MOSCOW - OAO Lukoil Holdings, Russia's NO. 2 oil producer, hasn't been affected by the Cyprus crisis, Chief Executive Vagit Alekperov said Thursday.

Mr. Alekperov said Lukoil's gas stations on the embattled island were only taking cash as banks there weren't working.

Asked whether Lukoil has deposits in Cyprus or carries out financial transactions there, Mr. Alekperov said: "No. Cyprus has never been a center of oil sales."

Cyprus's financial-services sector is facing potential collapse after the country's parliament on Tuesday rejected a euro-zone bailout plan that would have involved a controversial bank-deposit tax.



Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.