Lukoil Refinery in Romania Resumes Operations amid Tax Evasion Probe

World » RUSSIA | October 13, 2014, Monday // 16:06
Bulgaria: Lukoil Refinery in Romania Resumes Operations amid Tax Evasion Probe Photo by

Lukoil's Petrotel refinery in Romania has resumed operations after a production halt imposed last week on suspicion of tax evasion.

On October 7, the Ploiesti-based refinery started preparations for the restart after the owner won a permit for the step in court, according to local news agencies, as cited by Sega daily.

On October 9, Romanian President Traian Basescu said that the refinery could be nationalized in that case in case Lukoil decided to withdraw.

Basescu’s statement came in response to threats of Lukoil to close the refinery.

On October 2, Romanian police raided the offices of Petrotel as part of an investigation for tax evasion and money laundering worth an estimated EUR 230 M.

We need your support so can keep delivering news and information about Bulgaria! Thank you!

Russia » Be a reporter: Write and send your article
Tags: Lukoil, oil refinery, tax evasion, Traian Basescu, nationalization
Advertisement All Are Welcome! Join Now!
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria