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Lukoil warns it could close refinery in Romania

Lukoil does not plan to close its refinery in Romania but will have to do so if local authorities freeze its assets and accounts, Thomas Mueller, the Vice President of the Russian oil company, warned on Tuesday at a press conference, TASS informs.

“We have no plans to close the refinery but if distraint is placed we will have to do it,” Mueller stated.

He added that the structure of the Romanian refinery’s management is similar to the way in which Shell and ExxonMobil manage their refineries. “In this respect, we do not plan to change anything,” the Vice President of the Russian oil company added.

Last week Lukoil rejected the accusations of money laundering and tax evasion levied by Ploiesti Court of Appeals prosecutors against Petrotel-Lukoil and its employees.

“Lukoil is active in Romania since 1998 and is one of the biggest energy companies on the regional market. Lukoil is a prompt contributor to the state budget and a supplier of quality products for Romanian consumers,” the oil group claims. Likewise, Lukoil announced that it plans to appeal against the prosecutors’ decision and that it expects an objective investigation in line with Romanian and EU legislation.

Lukoil Romania is one of the leaders of the Romanian oil market, having a market share of 20 per cent. Lukoil Romania currently owns the Petrotel refinery and has a network of 300 gas stations.

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