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Lukoil Neftochim Burgas throughput rises as liquidity pressure eases

Higher runs and improved monthly profitability Lukoil Neftochim Burgas increased refinery throughput after June and reported its strongest monthly profit in five to six years...

Petrotel refinery in Ploiești moves toward insolvency amid restart plans

Petrotel refinery in Ploiești is preparing to enter insolvency proceedings, with management saying the process is aimed at preserving the industrial site and creating...

US Treasury extends authorization for Lukoil international asset disposal until 19 September 2026

Lukoil has been granted additional time to negotiate the disposal of its international business after the US Treasury extended the relevant authorization until 19...

NIS faces 28 August 2026 US licence expiry amid unresolved ownership talks

NIS has entered another critical period as the deadline attached to its current US sanctions licence approaches. The issue extends beyond whether MOL or...

Low Danube levels disrupt Serbia petroleum imports and refinery operations

Serbia’s exposure to low river conditions is affecting petroleum logistics as well as electricity supply, with reduced Danube navigability disrupting fuel imports. The situation...

MOL nears talks to buy Russian-controlled stake in Serbia’s NIS

Hungarian energy group MOL is moving closer to a transaction in the Western Balkans, with talks to acquire the Russian-controlled majority interest in Serbian...
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