Lukoil's largest refinery has ceased operations for at least a month due to severe damage inflicted by Ukrainian drones, halting production until at least the end of April.

Lukoil, Russia's largest private oil company, has reported a net loss of 1.059 trillion rubles in 2025, marking its first loss in 30 years of operation.

Bulgarian interim minister Traikov held discussions with US Chargé d'Affaires H. Martin McDowell regarding the extension of the derogation for Lukoil, exploring options to address the issue adequately.

Romania is reportedly considering the reopening of the Petrotel Lukoil Refinery as a measure to alleviate rising fuel costs.

The Bulgarian fuel market is experiencing growth amidst uncertainty surrounding the future of Lukoil, the country's largest oil company, and its local operations.

RUMUNJSKE zalihe goriva traju 30 dana, ispod EU obveze, dok vlada preuzima nadzor nad Lukoilovim tvrtkama zbog sankcija i prodaje imovine.

The United States has extended the deadline for the sale of assets belonging to Russian oil giant Lukoil, a move aimed at increasing pressure on Moscow.

Lukoil Bulgaria states that a potential arbitration case will not affect its operations, supplies, or prices, responding to threats from the Russian giant's owner to sue Bulgaria over sanctions and the appointment of a special manager.

The White House has reportedly slowed the sale of sanctioned Lukoil's international assets, aiming to increase pressure on the Kremlin to make peace with Ukraine, as the Russian company faces significant income losses.

A Bulgarian business newsletter highlights several key developments including Lukoil's arbitration threat against Bulgaria, the impending replacement of the Chief Secretary of the Ministry of Interior, and the Bulgarian Development Bank's plans to re-evaluate block renovation projects.

Lukoil is reportedly seeking to place its Trident perimeter in the Romanian Black Sea under force majeure protection, indicating potential operational or contractual difficulties.

Lukoil Overseas Atash BV, a Dutch subsidiary of the Russian oil giant, has informed Romania that it can no longer operate its nearly 88% stake in the Trident natural gas exploration concession in the Romanian Black Sea, citing force majeure, with the dispute now in court.

Lukoil accounts for about 2% of global oil production, with roughly one quarter of that coming from its international operations.

A Ukrainian drone attack sparked a fire at a Lukoil refinery in the remote town of Ukhta in Russia's Republic of Komi, located far from the front lines.

Moldovan authorities have decided to permit the sanctioned company Lukoil to purchase petroleum products from the local market for sale within its own network of gas stations, aiming to ensure public access to fuel.

Lukoil has reported a $12 billion loss in 2025, attributing it to sanctions that forced the write-off of its foreign assets, estimated at $20.2 billion.

Romania's energy minister is reportedly planning to restart the Lukoil refinery and explore new trade routes, indicating strategic moves in the country's energy sector.

The Bulgarian Finance Minister and the manager of the Lukoil refinery are scheduled to answer questions, likely concerning business or energy matters.

Lukoil Overseas Atash BV, subsidiara olandeză a gigantului petrolier rus omonim drastic sancționat de SUA, care deține aproape 88% din concesiunea offshore de explorare de gaze naturale Trident din…

Shares of Russian companies, including Gazprom, Lukoil and Rosneft, have surged due to the Middle East war driving oil prices higher.

Exclusive: US slows sale of Lukoil assets to pressure Russia in Ukraine peace talks  Reuters

The UK has extended the license for operations with Lukoil's foreign entities until August 25, after the Russian oil company was sanctioned in October due to the war in Ukraine.

Moldovan Energy Minister Dorin Junghietu held meetings in Washington with representatives from the World Bank Group and the Carlyle Group investment fund. The Carlyle Group is reportedly set to acquire Lukoil's assets.

Chevron has signed initial agreements to acquire a stake in a major Iraqi oilfield currently held by Russia's Lukoil.

Russia is gradually losing its significant influence in the Balkans, which was built on large energy investments, as giants like Lukoil and Gazprom withdraw from the region due to international sanctions.

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has issued a new general license, extending authorization until May 1 for transactions necessary to negotiate and conclude conditional agreements related to the sale of Lukoil International.

Lukoil, a company recently placed under Romanian government supervision, significantly increased diesel prices by 23 bani/liter, reaching 10.21-10.22 lei/liter at its stations.

Lithuanian President Gitanas Nausėda suggests that the European Union should not only quickly adopt its 20th sanctions package against Russia but also begin discussions for a 21st package, potentially including major Russian oil companies like Rosatom and Lukoil.

The Minister of Energy, Bogdan Ivan, announces that US officials have agreed, albeit informally, with the proposal of the Bucharest authorities to reoperationalize the refinery...

Sources familiar with the situation at Lukoil describe the company's sale as a symbol of an $800 billion failure.

Romania's Energy Minister Bogdan Ivan stated that approval from the U.S. Department of Commerce is still pending for the continuation of the agreement between Lukoil and Carlyle regarding the sale of Lukoil's assets in Romania.

The United States has once again extended the deadline for the sale of Lukoil's $22 billion assets until April 1, 2026, as the company continues to receive multiple acquisition offers.

The US Office of Foreign Assets Control (OFAC) today extended the deadline for the sale of Russian company Lukoil's assets abroad until April 1.

Energy expert Martin Vladimirov stated that Bulgaria should not be concerned by Lukoil's recent threats, providing explanations for his assessment.

Lukoil is threatening Bulgaria with legal action over the country's ban on importing Russian oil and fuels derived from Russian raw materials to its only refinery. The refinery is currently managed by the Bulgarian government after Lukoil was sanctioned by the USA.

Switzerland-registered Litasko, part of Russia's Lukoil group, has accused Bulgaria of illegally expropriating its assets, including the Burgas refinery.

Lukoil Overseas Atash BV, a subsidiary of the Russian group Lukoil, has sued the Romanian state after announcing its withdrawal from the Trident offshore natural gas project in the Black Sea, citing specific reasons.

US major says it is negotiating for West Qurna 2, which produces 10% of Iraq’s crude

Hungarian oil and gas group MOL has not abandoned its plans to acquire Lukoil's operations in Bulgaria and Romania, according to CEO Zsolt Hernádi.