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Lukoil's Dubai Trading Arm Switches Business to New Entity

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Published:
Wed, Aug 20, 2025
Author
Paul Sampson, London
Editor
Deb Kelly
ss340551293-companies-lukoil
JuliusKielaitis/Shutterstock

Litasco Middle East (LME), the Dubai-based trading subsidiary of Russia’s largest private oil company Lukoil that was blacklisted by the UK in July, has begun transferring its business to newly created Dubai-based entity Alghaf Marine, trading sources say.

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