Russian oil giant Lukoil is reportedly looking to open new petrol stations in northwestern Russia and Estonia. The Baltic Business Weekly has revealed that the group will open the stations under the Teboil brand.

<p>Between one and three premium-class gas stations will appear this year under the (Teboil) brand. They will only sell euro-3 standard fuel and euro-4 diesel, Interfax reports Lukoil first vice president Vladimir Nekrasov as saying. <br /><br />In addition, Baltic Business Weekly reported Mr Nekrasov as stating that Lukoil intends to expand its 39-strong petrol station network in Estonia through the addition of a number of Teboil-branded stations in 2007. The company may increase the number of Teboil-branded stations looking forward, depending on the success of the move, Mr Nekrasov said. <br /><br />Lukoil&#0039;s first vice president is also reported to have revealed that the group intends to establish a number of Lukoil-branded petrol stations in Finland in 2007.<br /><br />Lukoil procured the Teboil brand in 2005, when the group acquired Finnish company Oy Teboil Ab.</p>