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Smart card manufacturer Giesecke & Devrient and Sitronics Smart Technologies are partnering with Russia's largest mobile operator, Mobile TeleSystems, and Russia's second largest oil company, Lukoil, to launch contactless mobile payments systems at petrol stations, highlighting the growing inroads the sector is making in the Russian market.
Published By Datamonitor
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03 Nov 2011 |
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Expert View
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Russian oil giant Lukoil is reportedly in discussions with the country's biggest food and grocery retailer, X5 Retail Group, for a potential partnership in the area of non-fuel retail at its service stations. If the joint venture goes ahead, it will give Lukoil a competitive advantage in an area of the service station business in which oil companies often find themselves struggling.
Published By Datamonitor
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06 Apr 2011 |
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CommentWire
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Lukoil has set its sights on acquiring a 5% share in the Italian fuel retailing market following a joint venture with ERG in the ISAB oil refinery in Sicily. The move will allow Lukoil to consolidate its position in Europe, as well as boosting competition in a market that has historically been difficult to enter.
Published By Datamonitor
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01 May 2009 |
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CommentWire
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Polish oil giant PKN Orlen is beginning to flex its muscles on the eastern European service station market. Most recently, it has been reported that the company is seeking to purchase the Esso petrol network in the Czech Republic from ExxonMobil. However, PKN Orlen's plans are likely to clash with those of Lukoil, which has also been expanding aggressively in this region.
Published By Datamonitor
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15 Mar 2007 |
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