Energy Minister Bogdan Ivan said Monday night that the parties in the governing coalition discussed several scenarios regarding the evolution of fuel prices, which are experiencing the highest increases in recent decades, during Monday’s meeting. Ivan said that the restart of the Petrotel Lukoil refinery in Ploiesti is also being considered. “I know that people […]
Lukoil Overseas Atash BV, a subsidiary of the Russian company Lukoil, has sued the Romanian state, citing the existence of a force majeure case, after the company withdrew from the offshore natural gas project “Trident” in the Black Sea. The action was filed at the Bucharest Court and has as its subject “action to establish […]
Lukoil’s Burgas refinery has reported significant cost savings after removing Lukoil-controlled trader Litasco from its administration, the refinery’s special administrator appointed by the Bulgarian state said, according to Novinite. The Lukoil Neftohim Burgas refinery has saved $8 million in just two months since it was no longer administered by Litasco, the Bulgarian official said. Speaking […]
The Ministry of Energy has drafted a draft regulatory act establishing extended supervision over all Lukoil assets in Romania. The supervisor is an advisor to the Minister of Energy. “The main objective of this draft decision is to establish the extended supervision measure over the entities owned in Romania by the Lukoil group (the shareholding […]
The Ukrainian military has carried out attacks in the Caspian Sea, damaging three Russian oil platforms, the General Staff in Kiev reported on Telegram on Sunday, dpa reports. The platforms, which belong to the Russian oil giant Lukoil, are used to supply Russian forces in Ukraine, the General Staff said. Kiev did not give details […]
Chevron and Quantum Energy Partners have joined forces in a joint bid to acquire the international assets of Russian oil company Lukoil, valued at about $22 billion, the Financial Times reported, without providing further details about the offer, writes OilPrice. Reuters noted, in its own material based on information from the FT, that Chevron had […]
Saudi Arabia’s Midad Energy has emerged as a leading contender to buy Russian oil giant Lukoil’s international assets, taking advantage of its close political ties to Moscow and Washington, several sources familiar with the matter told Reuters. Lukoil’s international assets, valued at $22 billion and including oil fields, refineries and thousands of gas stations around […]
Hungarian oil group MOL has informed US officials that it is interested in buying the international assets of Russian oil giant Lukoil, joining a growing list of bidders, three sources familiar with the matter told Reuters. In October, the United States imposed sanctions on Lukoil, Russia’s largest private oil producer, as part of efforts to […]
One of the Romanian companies of the Lukoil group, sanctioned by the United States and with an uncertain future in our country, became, after the first nine months of the year, the main client of Oil Terminal, according to data from the state-owned company that operates the oil terminal in Constanta. Lukoil Romania SRL was […]
Turkish holding Cengiz has no intention of abandoning its plans to acquire the Bulgarian oil refinery Lukoil Neftohim Burgas from Russian company Lukoil, together with the National Oil Company of the Republic of Azerbaijan (SOCAR), reported the Turkish publication Patronlar Dünyası, quoted by Interfax The publication writes that Cengiz and SOCAR previously submitted a joint […]
Former Bulgarian Energy Minister Alexander Nikolov has warned that Bulgaria could face substantial economic losses after Parliament banned Lukoil from exporting diesel and aviation fuel, Novinite reports, Agerpres reports. Speaking on bTV, Nikolov highlighted the central role of the Burgas refinery, which is, directly or indirectly, the country’s largest taxpayer and a key contributor to […]
The Russian publication Kommersant shows that the Russian trader Gunvor will also buy Lukoil’s assets in Romania, which, if true, at least partially clarifies an issue about which nothing is publicly known in Bucharest, at least at the level of officials, although things must be settled by November 21. The Russian oil giant Lukoil announced […]
he Ministry of Energy has taken note of Lukoil’s public statement regarding the intention to sell its international assets and will initiate a process of evaluating the transaction within the Commission for the Examination of Foreign Direct Investments (CEISD), in accordance with the legislation in force, the institution announced on Thursday. ‘We have taken note […]
Lukoil, Russia’s second-largest oil producer, said on Monday it would sell its international assets in response to sanctions imposed by the United States last week over the war in Ukraine, Reuters reported, citing a statement from the Russian company. The planned sale is the largest action yet taken by a Russian company in response to […]
