Russia's OAO Lukoil Holdings (LKOH.RS), which last week agreed to buy a stake in a Dutch refinery, continues to study the possibility of further expansion in Europe, a member of Lukoil's management committee said Tuesday.

Russia's OAO Lukoil Holdings (LKOH.RS), which last week agreed to buy a stake in a Dutch refinery, continues to study the possibility of further expansion in Europe, a member of Lukoil's management committee said Tuesday.

"Yes of course our company has further plans to expand its presence in Europe," Anatoly Moskalenko told reporters on the sidelines if the Organization for Economic Cooperation and Development's 2009 forum and speaking through an interpreter. From a mid-term perspective that could mean "several" refineries, he said.