Friday, October 10, 2014

Romania launches LUKOIL – Kommersant

Romania launches LUKOIL – Kommersant

LUKOIL is prepared to resume its refinery in Romania, which was stopped due to the prosecutor’s office claims earlier in the week. Russian company suspected of tax evasion. In this case, the government did not support the nationalization of oil refineries, proposed by the president. Problems with his work may affect the oil market neighboring Moldova.

On Friday, the Romanian authorities Prahova County, where the refinery Lukoil Petrotel, said that the plant stopped in Earlier this week, resumes, reports Bloomberg. This is also said Russia’s ambassador to the country Oleg Malginov. In the Lukoil declined to comment.

In early October, the law enforcement agencies of Romania have a question to the activities Petrotel: prosecutors suspect the company of tax evasion and the legalization of the illegal proceeds. Refineries were raided. Damage that may be caused to the state prosecutor’s office estimated at € 230 million.

Plant Petrotel-Lukoil Romania is a major supplier of fuel for “LUKOIL-Moldova”. In turn, the Moldovan company provides about 35% of the market of the country. Since 2009, the Romanian factory produces LUKOIL petroleum products, “Euro-5″, in 2013 the company has been renovated. The refinery processes crude oil deposits and Romanian Russian Urals.

LUKOIL won in court the suspension of interim measures (see. “Kommersant” on October 8), and intended to resume refinery . On Wednesday, the vice-president of LUKOIL Vladimir Nekrasov said that the decision to launch the plant will be made “within one or two days».

Opinion of the Romanian authorities on the situation of the refinery diverge. President Traian Basescu said on Thursday that he had asked the Cabinet “to prepare for the nationalization of the plant,” if the company decides not to renew the processing, and added that “LUKOIL can leave if he does not respect the law.” However disagreed Prime country Victor Ponta, who is also a presidential candidate (elections will be held in November). On Friday, he said that “the company does not go out of the country just because the president suddenly played out nerves».

Problems with the work of the refinery can touch and Moldova. On Friday, the CEO of “LUKOIL-Moldova” Feyruz Isayev said “Prime” that the company “is in store fuel for about five days.” It had ceased wholesale fuel, it can only be bought at gas stations. According to Mr. Isayev, if a plant in Romania will not resume processing in the near future, “LUKOIL-Moldova” can use the oil from Bulgaria. However, the organization of the supply then you will need 20 days, and the “additional costs per ton of fuel reached $ 38-40».

In addition, on Friday it was announced that the state railway company of Romania Caile Ferate Romane from 6 to 31 October prohibited the sending of cargo to the station for Ploiesti Petrotel, “Interfax”. Among the goods that are shipped to refineries by rail and oil included with the Romanian oil fields. Russian Urals oil supplied, in particular through the pipeline terminal in Constanta.

Daria Kositsyna


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