The acquired assets will be operated under Lukoil’s registered Montenegro unit, Lukoil Montenegro. Roskped’s oil derivative trading business will not be part of the sale of assets to Lukoil.

The Montenegro-based chain has also signed a partnership agreement with the Lukoil-owned Serbian fuel retailer Beopetrol. Roksped has earlier received interest from oil and gas firms OMV and MOL, who wished to acquire it to strengthen their central and eastern European network.