LITASCO was founded in 2000 in Switzerland and it is the exclusive international marketing and trading company of LUKOIL Oil Company.
With head office in Geneva, LITASCO Group has established additional trading and business development offices worldwide, extending its reach around the world from the United States to Europe, the Middle East and Asia, managing LUKOIL's global crude oil and petroleum products supply, marketing and trading needs.
LITASCO has affiliates in Kazakhstan, Singapore, the United Arab Emirates, the United States of America, the Netherlands as well as representative offices in Hong Kong, in Russia and in India.
LITASCO Group is one of the world's major traders of crude oil and refined petroleum products and deals with a vast range of suppliers and customers, including all of the world's major oil corporations.
In 2019, the LITASCO Group traded over 103 million metric tons of crude oil and 84 million metric tons of petroleum products.
The total volume of physical barrels handled was 3.8 million barrel per day.
LUKOIL system volumes marketing accounted for 37% of and third party trading activity represented 63% of LITASCO's total transactions
Third party trading activity allows LITASCO to increase the efficiency of LUKOIL's oil and petroleum products export and enables our parent company to further expand its international operations.
LITASCO Group today employs over 450 staff globally.