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66 new news items in the last 24 hours
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  2. Economie

The Romanian government has adopted an emergency ordinance that allows the application of international sanctions against Lukoil, introducing an extensive monitoring mechanism for the affected companies.

Sanziana Georgescu
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2 December 2025, 13:58
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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.

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Statul român va institui supraveghere specială asupra Lukoil, potrivit unui act normativ aprobat de Guvern
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OUG pentru Lukoil. Guvernul Bolojan va putea interveni asupra companiilor din România afectate de sancțiuni

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Petrotel Lukoil refinery announces its entry into insolvency to protect its operations
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The United Kingdom has extended the license for the activities of Lukoil's subsidiaries in Bulgaria.
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ECFR analysts recommend that Romania coordinate with other EU states in reviewing a potential sale of Petrotel
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American billionaire Todd Boehly is preparing a bid for Lukoil’s international assets, valued at 20 billion dollars / The portfolio includes the Petrotel refinery
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Petrotel Lukoil refinery has entered insolvency, having current debts of over 936 million lei and 225.5 million euros to the majority shareholder, Litasco.
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The Prahova Tribunal has decided to open insolvency proceedings for Petrotel Lukoil
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