LukArco B.V. is a subsidiary of the Russian

Russia

Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...

 oil company Lukoil

LUKoil

Lukoil/LUKoil ; ) is Russia's second largest oil company and its second largest producer of oil. In 2009, the company produced 97.615 million tons of oil; ....

. It was formed in February 1997 as a joint venture between Lukoil and the former American oil company ARCO

ARCO

Atlantic Richfield Company is an oil company with operations in the United States as well as in Indonesia, the North Sea, and the South China Sea. It has more than 1,300 gas stations in the western part of the United States. ARCO was originally formed by the merger of East Coast-based Atlantic...

.
In 2000, Arco merged with the UK oil company BP

BP

BP p.l.c. is a global oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by revenues and one of the six oil and gas "supermajors"...

, and since BP became a shareholder of LukArco with 46% shares. In December 2009, BP sold its stake to Lukoil and thereafter Lukoil became a sole shareholder of LukArco.

LukArco is a partner in the Caspian Pipeline Consortium

Caspian Pipeline Consortium

The Caspian Pipeline Consortium is a consortium and a pipeline to transport Caspian oil from Tengiz field to the Novorossiysk-2 Marine Terminal on Russia's Black Sea coast. It is also a major export route for oil from the Kashagan and Karachaganak fields...

 with a shareholding of 12,5% , and is a partner in the consortium Tengizchevroil

TengizChevroil

Tengizchevroil is a joint venture between Chevron , ExxonMobil , KazMunayGas and LukArco...

(TCO) .