OAO Lukoil Holdings (LKOH.RS), Russia's NO. 2 oil producer, hasn't been affected by the Cyprus crisis, Chief Executive Vagit Alekperov said Thursday.
OAO Lukoil Holdings (LKOH.RS),
Russia
's NO.
2 oil producer, hasn't been affected by the
Cyprus
crisis, Chief Executive Vagit Alekperov said Thursday.
Mr. Alekperov said Lukoil's gas stations on the embattled island were only
taking cash as banks there weren't working.
Asked whether Lukoil has deposits in
Cyprus
or
carries out financial transactions there, Mr. Alekperov said: "No.
Cyprus
has
never been a center of oil sales."
Cyprus
's
financial-services sector is facing potential collapse after the country's
parliament on Tuesday rejected a euro-zone bailout plan that would have
involved a controversial bank-deposit tax.
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