Shell and PKN Orlen reportedly interested in Lukoil’s Romanian assets

There are several contenders for Lukoil’s Petrotel refinery in Romania, including Shell and Orlen, according to Valeri Andrianov, a senior lecturer at the Financial University, an institution subordinate to the government of Russia, cited by Economica.net in the context of the Russian company announcing its decision to sell its foreign assets following the US sanctions.

Lukoil operates in Romania the small-sized refinery Petrotel (2.5 million tonnes of crude per year), a chain of 320 gas stations, but it also operates two offshore blocks in Romania's Black Sea-Est Rapsodia and Trident.