10.08.2014

The management of Russian group Lukoil will decide Friday whether or not it will shut down the Petrotel-Lukoil refinery in Ploiesti, Romania, amid an investigation on suspicion of tax evasion and more

10.07.2014

The general manager of the Petrotel-Lukoil refinery in Ploiesti, Andrey Bogdanov, has been placed under judicial control and is under criminal investigation on suspicions of tax evasion and money more

10.06.2014

Prosecutors investigating Russian oil group Lukoil on suspicions of tax evasion and money laundering have levied distraint measures on oil and finite product stocks of RON1 billion meant for the more

10.02.2014

Prosecutors in Ploiesti on Thursday searched the offices of the Petrotel-Lukoil refinery in the city, on suspicions of tax evasion and money laundering amounting to around EUR200 million, sources more

09.23.2014

Lukoil Europe Holdings BV, the majority shareholder of Petrotel-Lukoil refinery, will increase the refinery’s share capital by 153.7 million lei (EUR35 million), to RON455.3 million. more

09.18.2014

Lukoil has asked the Romanian Mineral Resources Agency (ANRM) for a six-month extension, until May 2015, on the exploration of a Black Sea block, citing delays due to the late arrival of a drilling more

09.11.2014

Lukoil Lubricants East Europe, part of Russian oil group Lukoil, has launched several types of motor oil for vehicles running on gasoline and liquified petroleum gas (LPG) and targets RON860 million more

08.22.2014

The pipeline that was supposed to connect Constanta harbor to Central Europe refineries is still just a project on paper, so that the future of harbor operator Oil Terminal is still tied, at least on more

06.02.2014

Lukoil Romania, which owns a 300 filling station network, saw revenue tumble by over 17% last year, after the Russian-held business had advanced gradually since 2009, getting beyond the level reported more

05.30.2014

Ploiesti-based Petrotel refinery, owned by Russia’s oil group Lukoil, refined 1.89 million tons of oil last year, 15% fewer than in 2012, according to the reports of the company. more

02.17.2014

State-owned oil companies of Kazakhstan, Azerbaijan and Russia came to control half of network-affiliated gas stations on the Romanian market. more

02.14.2014

Lukoil Energy&Gas Romania, a unit of Russia’s second-largest oil group Lukoil, plans to build a 9 MW photovoltaic park near its Petrotel refinery in the southern city of Ploiesti, people familiar more

12.31.2013

Lukoil Energy&Gas Romania, part of Russian oil group Lukoil, will enter the Romanian solar power production market after receiving construction clearance from the local energy regulator ANRE. more

12.09.2013

Romania’s largest oil and gas company OMV Petrom (SNP.RO) operates the biggest local gas station network, and rivals Rompetrol, MOL and Lukoil either decided to fight it directly or strengthen more

10.14.2013

Romanian refinery Petrotel-Lukoil, a unit of Russia’s second-largest oil group Lukoil, is considering building several photovoltaic parks in Ploiesti, southern Romania. more

05.03.2013

Petrotel-Lukoil, the third largest operational refinery in Romania, controlled by Russia’s Lukoil, posted turnover of 6.9 billion lei (EUR1.6 million) in 2012, up around 5% in Romanian lei, while more

02.19.2013

Romanian refinery Petrotel-Lukoil, a unit of Russia’s second-largest oil group Lukoil, will be shut down for a scheduled overhaul between February 20 and April 12, Lukoil said in a statement more

12.18.2012

Lukerg Renew, a joint venture between Russia's Lukoil and Italian energy group ERG, has acquired an 84MW wind project in Romania from Italian renewable developer Inergia, Windpower Monthly reported more

11.23.2012

Lukoil Overseas, a unit of Russian giant Lukoil, Friday said it has signed a deal with Romania’s state-run natural gas producer Romgaz to reassign an 8% share in two oil blocks in the Romanian more

09.17.2012

Lukoil Overseas, a unit of Russian giant Lukoil, has started seismic operations at two oil blocks in the Romanian sector of the Black Sea, the Russian group said in a statement Monday. more

11.04.2011

The Black Sea depths are becoming the busiest battleground for the world’s oil giants, which have so far announced plans to spend $2.5 billion to explore this unknown area. Early next year, Romania more

10.28.2011

ExxonMobil hopes that along with Petrom, Romania’s largest company, it will join the exclusive club of prospectors of the sea depths, through their operations in the Neptun block in the Black Sea. more

10.20.2011

Russian oil giant Lukoil will invest around $400 million in hydrocarbon prospecting at the Romanian Black Sea platform, with another $1.5 billion available for further works if discoveries are made, more

10.14.2011

Romania’s fuel distribution market caught the eye of international groups such as Gazprom or SOCAR, even though some 90% of local sales go to four major companies. more

10.13.2011

The success rate for deep hydrocarbon exploration is 10%-20%; the rest is risk in the billions of euros. This year, two international giants and Romania's largest oil and gas producer OMV Petrom more