Petrotel Lukoil

Romania Seizes Assets of Petrotel Lukoil

Romania has impounded the assets of the Romanian-based Petrotel Lukoil refinery and to its majority owner, Dutch-based, Lukoil Europe BV, including its bank accounts in British and Dutch banks and premiums and shares in Petrotel Lukoil.

It is the first time that Romanian prosecutors have seized accounts held in foreign banks of companies operating in Romania.

Head of Lukoil Romania Refinery Charged with Tax Evasion, Money Laundering

Andrey Bogdanov, Petrotel Lukoil's chief executive, has been charged with tax evasion and money laundering worth an estimated EUR 230 M.

Bogdanov, CEO of the Romanian-based refinery, is currently under a recognizance order and cannot leave the country, Russian business website RBC Daily reports.

Ploiesti-based Lukoil refinery resumes marketing of finished products

The Ploiesti-based Lukoil refinery, which restarted its installations on October 10, one week after having halted operations following an investigation conducted by the Prosecution Office attached to the Ploiesti Court of Appeal, this Monday resumed the marketing of finished products.