LUKOIL SRBIJA AD
LUKOIL SRBIJA AD

History

LUKOIL SRBIJA AD is a joint-stock company established on September 26, 2003, after the privatisation of the socially-owned enterprise Beopetrol AD Beograd, by the Russian oil company PAO LUKOIL.

In the years to come, the company continued to refine its retail network in the territory of the Republic of Serbia and modernize technological processes at its filling stations, in line with the parent company standards, as well as in line with the top-level European standards.

Such LUKOIL SRBIJA AD awaits its 25th anniversary of PAO LUKOIL.

At the end of 1990, the Business Unit for Sale of Petroleum Products Belgrade was separated from "INA Trgovina" Zagreb, establishing the socially-owned enterprise "INA Beograd". 

The newly established enterprise was joined by the business units of Novi Sad, Kraljevo, Svetozarevo (now Jagodina), Niš and Priština, including the representative offices of the Zagreb and Rijeka Refineries, and  "Autotrans-Rijeka".

On September 26, OAO LUKOIL and the Privatization Agency of the Government of Serbia signed the Sale and Purchase Agreement, for 79.5% of the enterprise Beopetrol AD. 

The Sale and Purchase Agreement was signed by Mr. Valentin Zlatev on behalf of OAO LUKOIL and Mr. Mirko Cvetković, the Head of the Privatization Agency, on behalf of the Government of Serbia.

Within the investment program, the construction of modern retail complexes on road corridors and in big towns was continued: "Minut levo" on the highway near Novi Sad, "Dobanovci jug" on the Šid-Beograd highway, "Medijana" and "Jastrebac" in Niš and Bistrica in Novi Sad. In addition, brand new complexes were built at the sites of old stations, - "Mihajlovac I" and "Mihajlovac II" on the Belgrade — Niš highway, "Prvomajska" in Belgrade, "Božidara Adžije" in Niš and other.

The process of handing over the retail facilities to managers — a dealership began. In this way, the employed in these facilities could prove themselves through their own small businesses.

LUKOIL SRBIJA AD celebrated 10 years of operating. The Company introduced new types of motor fuels and motor oils in its retail offer.

Comprehensive works were carried out in regard to the rеvitаlizаtion of LUKОIL SRBIЈА АD retail network and storage facilities. In order to increase the brand recognition, this two-year period was marked by the works on 95 facilities, so that the appearance of all filling stations fully matched the visual identity of the company and its high corporate standards. Works were carried out on different tеchnоlоgical systems, with the old equipment replaced at 67 filling stations.