Lukoil to acquire retail and lubricants business of Shell.

Lukoil, a Russian multinational energy corporation, agreed to acquire retail and lubricants business of Shell, a publicly traded multinational oil and gas company. Financial terms are not disclosed. "The acquisition of Shell's high-quality businesses in Russia fits well into Lukoil's strategy to develop its priority sales channels, including retail, as well as the lubricants business," Maxim Donde, Lukoil Vice President.