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US extends Lukoil Bulgaria sanctions exemptions to April 2027

OFAC general licences extend operating room for Bulgarian assets The United States has extended sanctions exemptions covering Lukoil’s Bulgarian businesses until April 24, 2027. The...

Carlyle exits Lukoil deal, leaving Southeast European refining and retail assets in limbo

Carlyle withdrawal changes the timetable for Lukoil’s foreign asset sale The ownership of some of Southeast Europe’s oil refining and fuel retail assets has become...

Lukoil appoints Eugene Maniakhine to oversee Petrotel refinery restructuring

Lukoil has appointed Eugene Maniakhine to oversee the restructuring of its Petrotel refinery in Romania. The facility entered insolvency proceedings in August 2026 after...

Bulgaria competition authority expands Lukoil wholesale fuel pricing investigation

Bulgaria’s competition authority has intensified its examination of the wholesale fuel market, requesting additional cost and pricing information from Lukoil Bulgaria and Lukoil Neftochim...

Bulgaria lifts Neftochim Burgas export limits for Lukoil products

Bulgaria has lifted restrictions on fuel exports from the Neftochim Burgas refinery, enabling diesel, jet fuel and other products to return to EU and...

Carlyle Lukoil refinery assets await U.S. clearance for sale talks

Carlyle’s proposed acquisition of Lukoil-related refining assets is awaiting final U.S. clearance, with the ownership of major European refineries still unresolved. The deal includes...

Latest news

SEE power prices jump as weekday demand returns, Serbia tops €300/MWh

Southeast European day-ahead electricity prices surged on Monday, October 19, as the return of weekday demand, weaker renewable generation forecasts and continued reliance on...

Greece unveils €200 million battery storage scheme as project pipeline grows

Greece is preparing a €200 million battery-storage support programme as the country seeks to accelerate the deployment of standalone batteries and renewable-linked storage. The...

Djerdap 3 pumped-storage: Bechtel-Enka qualifies as Serbia prepares planning

Serbia has advanced work on the proposed Djerdap 3 pumped-storage hydropower project, with a Bechtel-Enka consortium qualifying for the next stage of government negotiations....

Romania extends 25% diesel excise reduction until Oct. 31

Romania will keep a 25% reduction in diesel excise duty until Oct. 31, extending temporary relief for transport operators and other businesses. The decision...

R.Power completes 55-MW Lazuri solar plant in Romania; grid link by end-2026

Polish renewable-energy developer R.Power has finished construction of the 55-MW Lazuri solar plant in Romania’s Satu Mare county. Grid connection is expected before the...