Lukoil has sued the Romanian state to obtain recognition of the major force that affects its activities in the Black Sea, without withdrawing from Romania.
Lara Maior
Current Affairs
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Lukoil has filed a lawsuit against the Romanian state, seeking recognition of a case of force majeure that affects the company's operations in the Black Sea, particularly in the offshore Trident perimeter. Lukoil representatives emphasize that this action does not signify a withdrawal from Romania, but rather a desire to continue exploring resources. The company is seeking an extension of contractual deadlines due to international sanctions and the complicated geopolitical context. Lukoil has also taken legal action against the National Authority for Mineral, Oil and Geological Carbon Dioxide Storage Regulation (ANRMPSG) and project partners, including Romgaz, to officially confirm the force majeure and adjust the terms of the 2011 agreement. This endeavor is essential for the continuation of natural gas projects in the Black Sea.
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