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
23:00
Oil prices fell by more than 7% on Monday, amid signals from Iran indicating openness to peace negotiations with the United States
22:57
Donald Trump announces the artists who will be honored at the Kennedy Center Honors gala
22:53
Likud, Benjamin Netanyahu’s party, calls for delaying the validation of the election, citing possible foreign interference in the vote
22:49
Piatra-Neamț City Hall is building a palliative care hospital with 40 beds, financed through European funds
22:46
USR and PNL call for an investigation into private flights to Mykonos and Nice / PSD wants the checks expanded
See more news