Tuesday, July 14, 2015

Offer to sell Lukoil refinery in Ploesti – Kommersant

LUKoil has received an offer to purchase its oil refinery in Romania, whose assets are now arrested the country’s prosecutor’s office on charges of tax evasion. However, Lukoil does not intend to sell the plant. Vice-president of LUKOIL Thomas Muller said the company has appealed the court seizure and “deeply convinced of his innocence».

LUKOIL received an offer for the sale of its refinery Ploiesti from a private company, but is not going to do that, said at a press conference, Vice-President of processing Thomas Mueller. Last week, the Romanian Prosecutor’s Office arrested again as the assets of the Romanian subsidiary of LUKOIL Petrotel LUKOIL, and its parent company LUKOIL Europe Holdings BV in the amount of approximately € 2 billion. “It is very strange that we have now received an offer to buy the plant, because nobody in Europe Plants are not going to buy, “- said Thomas Mueller, adding that LUKOIL is not going to sell the plant or close it.

« It would be foolish to close this asset today. We continue to work, but if we will be sealed containers and arrested our bills, we have no choice. We hope that we have enough stockpiled to work “, – said a top manager. He noted that while the stocks of raw materials at the plant are not arrested, but if that happens, it will have to stop production. This has already happened in October last year: while refinery stood a few days before the court at the request of LUKoil did not remove the arrest. Thomas Mueller said that on Monday the current LUKOIL protested the arrest in court.

«We have made a number of requests for a meeting with representatives of the Romanian Government. They still were not satisfied. We do not want to influence the result, but we would be happy to talk with representatives of the Romanian government, “- he added. Mr. Mueller said that the company was “deeply convinced of his innocence,” and admitted that it could be a misunderstanding with the Romanian authorities. He added that the seizure of assets LUKOIL Europe Holdings BV could have a negative impact on the business of LUKOIL in the Netherlands and Italy.

Yuri Barsukov





Romania launches LUKOIL

In October 2014 it was reported that Lukoil is preparing to resume its refinery in Romania, which was stopped -this claims prosecutors. The Russian company was suspected of tax evasion. At the same time the government did not support the nationalization of the oil refinery proposed by the president. Read more

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