The Romanian government adopted on Tuesday an Emergency Ordinance that facilitates the application of international sanctions imposed on Lukoil. This ordinance introduces a mechanism of 'extended supervision', allowing the government to intervene in the activities of companies affected by sanctions, with the approval of the Supreme Council of National Defense (CSAT). The main instrument is special supervision, which can be activated at the request of the company or ex officio, and a supervisor will be appointed to manage the situation.
The sanctions imposed by the US came into effect on November 21 for the Petrotel-Lukoil refinery, and for gas stations from December 13. The refinery is currently under maintenance, and the fate of the 500 employees remains uncertain. Lukoil owns the Petrotel refinery in Romania and a network of approximately 320 distribution stations. It also has a stake in the Trident perimeter in the Black Sea. There are discussions about the possibility of the state temporarily taking over Lukoil's assets, but high operating costs could discourage this action.
The sanctions imposed by the US came into effect on November 21 for the Petrotel-Lukoil refinery, and for gas stations from December 13. The refinery is currently under maintenance, and the fate of the 500 employees remains uncertain. Lukoil owns the Petrotel refinery in Romania and a network of approximately 320 distribution stations. It also has a stake in the Trident perimeter in the Black Sea. There are discussions about the possibility of the state temporarily taking over Lukoil's assets, but high operating costs could discourage this action.
Sources
Latest News
18:41
Norway, Denmark, and Sweden refuse to play against Russia following the Court of Arbitration for Sport's decision to reinstate it in international hockey competitions
18:12
Adrian Țuțuianu accuses half of the AEP employees of having been hired without a competitive exam and proposes reducing the number of positions
17:58
An AUR county councillor is suspected in a forgery and money laundering case
17:52
Tata Motors has completed the acquisition of the Iveco Group
17:42
Europe’s gas stocks are at their lowest level in 13 years, and prices could remain high until 2027
See more news