4.2 C
March 2, 2021

Turn-about: Petrotel Lukoil resumes production

The refinery’s director general to be investigated for tax evasion

According to a Lukoil Romania communiqué, the distraint placed on Petrotel Lukoil refinery’s bank accounts was lifted following the hearings that took place on Monday and the refinery has started procedures to resume its activity.
The Lukoil Ploiesti refinery on whose platform Ploiesti Court of Appeals prosecutors conducted searches last Thursday as part of a tax evasion and money laundering case in which damages of EUR 230 M are being investigated, interrupted its activity on Friday.
Lukoil has been present on the Romanian market for the past 15 years and is one of the Romanian oil market’s leaders, with a market share of 20 per cent.
Lukoil Romania currently sells fuels through a network of 301 distribution stations and 9 oil product storage sites.
SC Petrotel Lukoil SA Ploiesti director general Andrey Bogdanov has been placed under judicial control, being prosecuted for tax evasion and money laundering, according to the representatives of the Ploiesti Court of Appeals’ Prosecutor’s Office.

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