Impact of governments trade restrictions on OAO `Lukoil`

Impact of

governments trade restrictions on OAO `Lukoil`

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Table of contents

Abstract ------------------------------------------------------------------------ ----------- 3

Introduction ------------------------------------------------------------------------ ------- 3- 4

LUKoil 's international expansion methods ------------------------------------------ 5

Has the company selected the most appropriate development method --------- 6

Other suitable expansion methods for the company -------------------------------- 6

Different methods for different markets --------------------------------------------- 6 - 7

Conclusion ------------------------------------------------------------------------ ------- 7

Bibliography ------------------------------------------------------------------------ ----- 8- 9

Abstract

LUKoil as

an establishment of the Russian government has risen over the years since its inception in 1991 , to become the second largest oil and exploration company in Russia , with its key markets in Western Europe and America . With a mission to a constant production of gas and oil , the company is also involved in the daily exploration of oil from other reserves , such as in Egypt and Iraq . However , like any other establishment of the government , Lukoil has had to grapple with trade restriction imposed on it by governments , notably Lithuania and Estonia following fuel price wars with the Russian government (Skelton 2008 Consequently , the company had to embark on an international expansion by finding new exploration sites and markets outside of Russia , in a bid to exert its image as a competitive and private company . Other expansion methods such as strategic partnerships and mergers would also suffice as different markets calls for different entry strategies

Introduction

LUKoil is the second largest oil producing company in Russia , and a leading gas and Oil Company in the world , with...