In the latest fallout relating to Lukoil disposing of its international assets, Moldova has requested a temporary exemption from Washington for Lukoil to operate in the country until it resolves the issue, so that the supply of fuel to Moldova is not disrupted.
According to the energy minister Dorin Junghietu, Lukoil owns a number of fuel stations, supplies the oil market, and is the private owner of the airport's only fuel storage, supply, and aircraft refuelling facility.
He also said Moldova had decided to reject Lukoil's offer to divest its assets and sell the airport infrastructure to another company.
Bulgarian Parliament Moves to Seize and Sell Refinery
Bulgaria's parliament on Friday adopted a law change that will allow the government to seize control of Lukoil's Burgas oil refinery and sell it to protect the plant from the impact of U.S. sanctions.
Under the revision, a special commercial manager appointed by the government will be able to oversee the continued operation of Lukoil's refinery in Bulgaria beyond the November 21st deadline.
This manager will also be able to sell the company, with proceeds to be placed in an account in Lukoil's name but which the company cannot use, Boyko Borissov, Bulgaria's former prime minister and leader of the GERB party that heads the coalition government, told local media.
Lukoil's Fuel Chain in Finland is Running Dry
In Finland, petrol station chain Teboil, owned by Lukoil, is running out of fuel as the U.S. sanctions against its parent company prevented it from doing business, newspaper Helsingin Sanomat reported on Friday, citing a Teboil spokesperson.
"We are running down our fuel stocks, which means some stations are already out of certain fuel types and the number of such stations is growing daily," Toni Flyckt, Teboil's marketing and communications director, told the newspaper.
Kremlin Defends Lukoil's Interests
The Kremlin said Lukoil's international interests should be respected after Gunvor had withdrawn its bid for the assets.
Asked about the development, Kremlin spokesman Dmitry Peskov said it was commercial matter and related to what he called illegal U.S. sanctions on Moscow, but that it was important that Lukoil's interests were protected.
"We believe that all legitimate interests of a major international company, including a Russian one, like Lukoil, in terms of international trade and economic relations, must be respected," said Peskov.
Article taken from Offshore news article. Full story Lukoil Operations Hit by US Sanctions as Gunvor Drops Bid
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