Support The Moscow Times!

LUKoil Sets Up in Houston

LUKoil is setting up a crude oil trading desk in Houston, according to energy trade publication SparkSpread and confirmed by an industry source.

The venture was formed through Litasco, LUKoil's international trading arm, and will be known as Lukoil Pan Americas.

The company has hired Ashutosh Redkar, a crude oil trader at Anadarko Petroleum in Woodlands, Texas, to set up the desk, the SparkSpread report said.

A LUKoil representative in New York did not immediately return a request for comment.

Global oil markets have turned their attention in the last two years to the United States, which has seen a resurgence in oil production from shale formations in North Dakota and Texas.

(Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.