Lukoil-owned facilities in Bulgaria and Romania risk ceasing operations following Washington’s blacklisting of the oil major
EU members Bulgaria and Romania have been working to save refineries owned by Russian oil giant Lukoil following US sanctions on the company, Politico has reported. Lukoil controls Bulgaria’s largest refinery, Neftochim Burgas, as well as Romania’s Petrotel.
Washington imposed sanctions on Lukoil last month, accusing Russia of lacking commitment to the Ukraine peace process. Moscow says it remains open to talks but wants a comprehensive deal addressing the root causes of the conflict. The measures take effect on November 21.
According to a Politico report on Friday, Bulgarian officials fear the sanctions could shut down Burgas – which supplies up to 80% of the country’s fuel – as banks pull support, potentially triggering fuel shortages and protests. Sources said Sofia is seeking an exemption and has asked Washington to delay the measures, although no details of the talks have been disclosed. Separately, Bulgarian lawmakers on Friday passed a bill allowing the government to take control of Burgas if necessary to shield it from sanctions, as well as approve its sale or nationalize it.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: rt.com
