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LUKoil to rent 30 land plots for gas stations in St. Petersburg

MOSCOW, August 4 (RIA Novosti) - Russia's largest oil producer LUKoil [RTS: LKOH] has paid 401.7 mln rubles ($14.8 mln) for leasing contracts on 30 land plots in St. Petersburg, where it will build filling stations, the city's property management fund said Friday.

The company won a lease auction by offering the highest bidding price, and will now have to pay at least 3 bln rubles ($110 mln) to the city budget, including not less than 100 mln rubles ($3.7 mln) from its petroleum product sales in Russia's second largest city.

LUKoil owns four oil refineries and about 1,500 filling stations throughout Russia.

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