OREANDA-NEWS LUKOIL plans to liquidate its division in the USA Lukoil International Upstream West Inc., which coordinated the work of foreign marine projects in the field of exploration and production. This was reported to journalists by the President of the company Vagit Alekperov.

"Some people go to the office in Mexico, some - in "LUKOIL-Engineering", - he said. Alekperov explained that the creation of this unit was planned to participate in projects for the extraction of shale oil, but this did not happen.

Thus, LUKOIL added that the reorganization of the office is a smooth, step-by-step process, built taking into account the needs of the business and the competencies of employees.

The purpose of LUKOIL International Upstream West Inc. its website names the operational management of oil and gas exploration, evaluation and development projects in West Africa, North and South America and Western Europe. According to Alekperov, the company planned to participate in shale oil projects.

LUKOIL explained that the reorganization of LUKOIL International Upstream West Inc. this is part of the work to improve the efficiency of management of the group's enterprises and by May 1, 2019 the number of its employees will be reduced to seven people, who will continue to work until the end of the year.

LUKOIL is present in the retail market of oil products USA in 2000, the Company manages a sales network located in 11 States on the East coast of the country and the district of Columbia (Washington). The company also supplies heating oil and natural gas to private and commercial consumers in New York state. Today, LUKOIL group organizations in the United States are engaged in the sale of oil and petroleum products from trading in regional markets to providing commercial, wholesale and retail consumers.