Public Joint Stock Company Oil Company LUKOIL (MISX:LKOH) is seeking acquisitions. Lukoil at the moment is focusing on upstream, above all Russian upstream, but there is also appetite for downstream assets, the Director of Lukoil's Capital markets and M&A Division, Pavel Zhdanov, told journalists. "We are constantly working to optimize our asset portfolio and searching for strategic alternatives for this or that kind of business. Taking into account the situation that we are observing, we see interest in our business and we've already sold a number of assets. We are also studying strategic alternatives both of a market nature - spin-offs or offering shares on the market - as well as a strategic nature," he said.