Russian oil giant Lukoil is preparing to sell its trading and vessel chartering arm Litasco, which is facing a $2bn lawsuit from tanker owner Palmali.
The management board has approved draft proposals for the sale, according to president Vagit Alekperov. This is not connected in any way to the Palmali legal action.
He told reporters the issue would be examined in late November or early December, according to the Interfax news agency.
