LukArco B.V. is a subsidiary of the Russian oil company Lukoil . It was formed in February 1997 as a joint venture between Lukoil and the former American oil company ARCO .
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1-551: In 2000, ARCO merged with the UK oil company BP , and BP became a shareholder of LukArco with a 46% stake. In December 2009, BP sold its stake to Lukoil, making Lukoil the sole shareholder of LukArco. LukArco is a partner in the Caspian Pipeline Consortium with a shareholding of 12.5%, and is a partner in the consortium Tengizchevroil (TCO). LukArco owns a 5 percent share at Tengiz . This article about
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