US EditionRomania Moves to Take Control of Lukoil Assets Ahead of US Sanctions Deadline
16 Articles
16 Articles
Romania wants to take control of the Russian oil company Lukoil because of US sanctions against Russia and the concern for national energy supply.
Romania moves to take control of Lukoil assets ahead of US sanctions deadline
Romania must take control over the local subsidiary of Russia’s Lukoil to protect its national energy system and enforce international sanctions, Romanian Energy Minister Bogdan Ivan said on Nov. 12.
Against the timetable until 21 November, Romania decided to take control of Lukoil's assets, announced the Minister of Energy. Bogdan Ivan explained that a special legislation for Petrotel refinery is being developed, a movement intended to protect 5,000 employees and align the country to US sanctions, after attempts to sell in the private environment have failed and Bulgaria has already begun a similar procedure to take control. The Romanian ar…
Minister of Energy, Bogdan Ivan, announced last night that Romania will strongly apply international sanctions to Lukoil and will not apply for an extension of the term of 21 November imposed by the US authorities. In addition, the Minister stated that it is working on the legal framework necessary to impose sanctions, but also on the continuation of Petrotel Ploješti's refining activities, as well as the marketing of oil products and the protec…
The Ministry of Energy, together with all relevant authorities, is working on the creation of a legislation on the assets held by Lukoil, a company known as the company
"Romania must take control of Lukoil's company," is the announcement made by the Minister of Energy.
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