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.ARCO, LUKoil Sign Summary Shareholders Agreement, Detailed Financing Terms for LUKARCO Joint Venture
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%,ARCO, LUKOIL Formalize Joint Venture Agreement; First Investment is in Caspian Pipeline Consortium; Negotiations Proceed for Tengiz Oil Field Involvement and is a partner in the consortium Tengizchevroil (TCO).LUKARCO Acquires 5% Interest in Tengiz Oil Field from Chevron LukArco owns a 5 percent share at Tengiz.
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