Russia’s group Lukoil is reportedly seeking to sell its assets in Romania and Moldova, Ziarul Financiar reported at the end of December. Dutch-British group Shell is reportedly among the prospective bidders for the distribution networks.
Lukoil operates some 300 fuel stations in Romania and over 100 stations in Moldova. But a large part of the assets consists of the Petrotel refinery operated by Lukoil in Ploiesti, 60km north of Bucharest.
Shell previously operated in Romania until it sold its 59 furl stations to MOL in 2005 and the LPG distribution business to Rubis in 2007. The refining would, however, be a new line of business in the country for the anglo-dutch group.
The Kazakh group KazMunayGas, which operates Romania’s largest refinery Petromidia (close to Constanta, on the Black Sea coast) is also among the prospective bidders for Lukoil’s assets, according to Mold-Street.com.
Related Articles
INTERVIEW: Biomethane can make up Ukraine’s gas shortfall - Ukraine Bioenergy Association
Ukraine is rapidly developing its biomethane sector with ambitions to become a major European supplier. Georgii Geletukha, head of the board at the Bioenergy Association of Ukraine, told bne ... more
Poland’s Orlen signs deal to supply Ukraine with LNG
Ukraine’s Naftogaz will purchase 100mn cubic metres of LNG from Poland’s Orlen, Ukraine’s biggest state-owned energy firm announced on March 7. The LNG will be transported from cargoes ... more
OPEC+ continues with production plan despite Trump’s demands
OPEC+ has decided to continue with its current oil production plans after a review meeting on February 2 despite calls from US President Donald Trump to lower crude prices. According to a ... more
Most Read
-
Armenia courts African countries to supply diamond industry
21 days ago
-
Russia’s Alrosa finds its largest diamond ever, as Mirny mining operations restart
5 days ago
-
COMMENT: Embracing “Greater Central Asia” has become a strategic imperative for US
15 days ago
-
From blood diamonds to critical minerals: Sierra Leone’s mining transformation
22 days ago