May 23, 2017 9:19 AM ET

Oil, Gas and Consumable Fuels

Company Overview of S.C. Petrotel-Lukoil S.A.

Company Overview

S.C. Petrotel-Lukoil S.A. owns and operates oil and gas refineries. It produces gasoline, gas oil, sulphur, coke, motor fuels, lubricants and additives, as well as petrochemicals. The company was formerly known as Petrotel Refinery and changed its name to S.C. Petrotel-Lukoil S.A. in June 1998. The company is based in Polesti, Romania. As of February 3, 1998, S.C. Petrotel-Lukoil S.A. operates as a subsidiary of Public Joint Stock Company Oil Company LUKOIL.

Str Mihai Bravu nr 235

Polesti,  100410

Romania

Phone:

40 24 450 4000

Fax:

40 24 451 2031

Key Executives for S.C. Petrotel-Lukoil S.A.

Chief Executive Officer
Compensation as of Fiscal Year 2016.

S.C. Petrotel-Lukoil S.A. Key Developments

Romanian Court Reduces Amount of Petrotel (Romania) and Lukoil Europe Holdings BV Funds Subject to Freeze

Romania's Prahova circuit court has reduced the amount of money that is frozen in accounts at Lukoil subsidiaries - Petrotel and Lukoil Europe Holdings BV under an injunction in a case brought by Romanian prosecutors. It was reported earlier that the amount of Lukoil assets frozen in the case totaled EUR 2.2 billion. At present, EUR 642 million in Petrotel accounts and EUR 542 million in Lukoil Europe Holdings BV accounts are frozen. the Romanian prosecutor's office has opened cases against six top managers of Petrotel Lukoil and Lukoil Europe Holdings. They are accused of money laundering, misuse of credit funds, complicity in money laundering and inflicting damages totaling EUR 1.8 billion.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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