LUKoil Sets Up in Houston

By The Moscow Times

May 4, 2013

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)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue