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.
Moldova’s Maib bank, which plans to list its shares on the Bucharest Exchange (BVB), has reported an excellent third quarter, with net profit rising by 11% year on year to MDL1.1bn ... more
The largest bank in Moldova, Moldova Agroind Bank (main), announced it is postponing its plan to list on the Bucharest Stock Exchange (BVB) because certain provisions in Moldovan legislation make the ... more
This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more