The deal comes as the British oil major moves ahead with its exit from the country following its Ukraine invasion.
"The acquisition of Shell's high-quality businesses in Russia fits well into Lukoil's strategy to develop its priority sales channels, including retail, as well as the lubricants business," said Maxim Donde, a vice-president with Lukoil.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: