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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Harrington who wrote (1154)	5/28/1998 11:14:00 AM
From: Jeff Harrington	Read Replies (1) \| Respond to of 4142

Just came across an interesting article, wink wink... macfadden.com Lukoil to Expand in U.S. Market by Jean Eckhoff ON THE RIGA HIGHWAY, Russia (September 8, 1997)-- Russia's biggest oil company, Lukoil, plans to invest in a network of service stations in the United States. The company, which has opened four U.S. stations since July, plans to open 25 to 30 by the end of this year, according to a Reuters report. In July, operators of its 50-percent-owned Texas affiliate Nexus Fuels said the company has deals with four supermarket chains, giving it access to 5,000 sites next door to supermarkets. At a news conference held for the opening of a new filling station and motel on a highway outside Moscow, Lukoil president Vagit Alekperov announced plans to have 2,000 service stations worldwide by 2003. "We intend to invest $240 million in the U.S. by the year 2001," Alekperov said. Lukoil already operates service stations in Poland, Turkey and the former Soviet Baltic states, Belarus, Moldova and Azerbaijan. Jeff Harrington