Russian group Lukoil announced on Monday that it intends to sell its international assets “due to the introduction of restrictive measures against the company and its subsidiaries by some countries,” says an announcement on the group’s website. The company added that it has begun considering offers from potential buyers. “PJSC “LUKOIL” informs that owing to introduction of restrictive measures against the Company and its subsidiaries by some states the Company announces its intention to sell its international assets. The consideration of bids from potential purchasers has been started.The sale of the assets is conducted under OFAC wind down license. If necessary the Company plans to apply for extension of the license to ensure uninterrupted operations of its international assets,” Lukoil says. Last week, Donald Trump imposed sanctions on the two major Russian oil companies, Rosneft and Lukoil. At the time, the Treasury Secretary stated that the measure was taken after Vladimir Putin refused to “end this senseless war,” and also emphasized that the U.S. is prepared to take additional measures and is calling on allies “to join us and comply with these sanctions.” Lukoil operates 750 sales points in several European countries, including Romania, Moldova, Bulgaria, Croatia, North Macedonia, Montenegro, and Serbia. In Romania, it owns 320 service stations and a refinery in Ploiesti, which it purchased in 1998, according to information on its Romanian-language website. In 2024, Lukoil Romania reported a turnover of 11 billion lei and a net loss of 145 million lei. Romania’s Secretary of State for Energy, Cristian Busoi, told Politico last week, two days after the sanctions were announced, that Lukoil would now have an “obligation” to sell the Petrotel refinery before next month’s deadline. “We would be happy to be out of Lukoil,” he added.
Every year, on the third Thursday of November, France celebrates the arrival of the Beaujolais Nouveau — the first wine of the harvest, young, fresh, and full of life. This joyful tradition has become a global symbol of conviviality, elegance, and the French art de vivre. In Bucharest, the celebration continues this year with an […]
The Romanian Football Federation (FRF) announced Bucharest’s candidacy to host the Europa League final in 2028 or 2029 at the National Arena, according to the FRF official website. The Europa League final represents a high-profile sporting event on a European scale. Istanbul will host the Europa League final in 2026, followed by Frankfurt in 2027. […]
Three cats from Romania received the top distinctions during the 2025 World Cat Championship held in Bucharest. Wild Forest’s Nordri, an imposing white Norwegian Forest Cat born in Romania, conquered the supreme title of 2025 World Champion, defeating over 750 cats from 35 countries. Nordri’s son, Wild Forest’s Quasar, aged 7 months, was also named […]
A report by the Romanian Court of Accounts, conducted between April and November 2024, which analyzed the organization and functioning of communes and small towns in relation to the population served, shows that, depending on the number of inhabitants, many towns and communes no longer meet the criteria for inclusion in their respective categories. According […]
An association of construction companies from Romania and Bulgaria has won the contract for building the first section of the A8 Târgu Neamț – Iași – Ungheni highway, with a bid of 4.76 billion (EUR 936 million). The contract for the 27-kilometer road can be signed within ten days if no appeals are filed. “The […]
The organizer of the march commemorating 10 years since the Colectiv club fire tragedy, Marian Rădună, was fined RON 3,000 (EUR 600) by the gendarmes because the demonstration exceeded 11:00 PM, the time set in the authorization. Approximately 200 people participated on Thursday, October 30, in the march commemorating 10 years since the tragedy at […]
