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.
JW Marriott Bucharest Grand Hotel marks a milestone that goes far beyond an anniversary this year. It celebrates 25 years of stories — of people, vision, and the unwavering belief that hospitality has the power to shape a city’s spirit. “Marking 25 years is, first and foremost, a statement of trust. Guests have chosen JW […]
Three-quarters of Romanian citizens believe that the national healthcare system offers poor services, and 70% think that it is overstretched, according to the seventh edition of the Ipsos global report on health services, carried out in 30 countries, including Romania. The study analyzes the population’s perceptions of healthcare systems, major issues in the field, and […]
An 11-story building is currently being built next to the graves in Bucharest’s famous Bellu Cemetery, and the project, authorized by the District 4 City Hall in 2023, has sparked controversy in the context of local elections for general mayor. District 4 City Hall, led by Daniel Băluță, currently a candidate for the position of general […]
Romania is preparing to select its first-ever national team for the Bocuse d’Or, marking the country’s official debut in the prestigious culinary competition. The Bocuse d’Or Romania National Selection will take place on November 27 in Brașov, where five teams will compete over six hours for a single place in the 2026 Bocuse d’Or Europe […]
Prosecutors and police in Romania conducted 17 searches on Tuesday, November 25, in a case concerning falsified documents for persons from Russia, Ukraine, the Republic of Moldova, and other states of the former USSR. The searches mainly took place in Suceava county, on the border with Ukraine, but also in Bucharest. Some of the targeted individuals […]
HILS Development has announced a EUR 200 million investment in a new large-scale mixed-use residential project in northern Bucharest, marking the company’s expansion into one of the capital’s most dynamic growth areas. The development, called HILS Nord, will span 10 hectares near Lake Șaulei and feature 2,705 apartments alongside green spaces, retail areas, and other […]
