Romania: Lukoil poised to exit as US sanctions force sale of Petrotel refinery and fuel network
Russian oil company Lukoil is expected to sell its Romanian refinery, Petrotel, before the November deadline set under the latest US sanctions targeting Russian energy firms. Romania’s State Secretary for Energy, Cristian Busoi, confirmed that the government anticipates Lukoil’s complete withdrawal from the local market. The Petrotel refinery, located in Ploiești, has a processing capacity […]
