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Romania's oldest oil refinery declared bankrupt

The decision on the bankruptcy of the Steaua Română (Romanian Star) oil refinery was made on April 18 by a panel of judges in Bucharest. This means that the organization should be excluded from the state register of debtors, and all financial claims against the plant will be cancelled. The representatives of the organization ...

Lukoil is “choking” with fuel oil: plants are on the verge of shutdown

Lukoil company has warned the authorities about the possible termination of the work of its oil refineries (refineries). The corresponding letter was sent by the beneficiary of the organization Vagit Alikperov to the Deputy Prime Minister Alexander Novak ...

SBERBANK SELLS OIL COMPANY THROUGH AVITO

The credit institution announced its intention to get rid of the rights to Krasnoleninskneftegaz oil company (KNG OC). Anyone who wants to become the owner of a company from Nyagan will have to pay a little more than 320 million rubles. The fact is that almost all more or less valuable property of the organization turned out to be pledged by the ...

Komsomolskneft oil production company received a claim from the Federal Supervisory Natural Resources Management Service

The reason was the soil pollution, which occurred due to the activities of Komsomolskneft. The company is required to pay almost 1.5 million rubles. The plaintiff is the interregional administration of the Federal Supervisory Natural Resources Management Service in the ...

KUBAN OIL FACTORY ‘SOLARIS’ DECLARED BANKRUPT

... (represented by the state corporation DIA) with a claim of 1.2 billion rubles. Its main co-owner Natalia Danilova also wants to receive about 219 million rubles under 12 loan agreements (she owns 90.66% in the authorized capital of the company). The Solaris oil plant, as the Kommersant newspaper notes, appeared as a result of an agreement that was concluded in Sochi within the framework of the XII International Investment Forum. Production facilities, warehouse premises and laboratories were placed on the ...

INDEPENDENT OIL AND GAS COMPANY DEMANDS 500 MILLION RUBLES FROM RBC

The Moscow Arbitration Court has begun considering the claim of the Independent Oil and Gas Company against the RBC media outlet. The plaintiff demands 500 million rubles for reputational damage. The Independent Oil and Gas Company is controlled by Rosneft - the plaintiff states that according to the material of RBC, Rosneft will ...

SEADRILL ASIA OIL COMPANY FILES FOR BANKRUPTCY

Seadrill Ltd., the rig operator, has filed for bankruptcy protection for its Asian subdivisions. This happened just after the economic downturn caused by the COVID-19 pandemic exacerbated the crisis in the work of offshore oil wells. The company filed for bankruptcy protection in the Southern District of Texas. Experts point out that the current bankruptcy petition filed in the US court is the second petition filed by the company, which was once the largest in terms of ...

THE FIFTH ONE HAS GONE: ANOTHER BANKRUPTCY LAWSUIT HAS BEEN FILED AGAINST TECHNEFTINVEST

LLC CHOO "Vimpel" from Noyabrsk filed for bankruptcy of JSC "Oil Company "Oil Production Technologies and Investments" ("Techneftinvest"). The relevant information is provided in the file of arbitration cases. The new lawsuit is already the fifth against the organization. Proceedings in previous ...

Nord Stream II preparing for bankruptcy

... off all the staff (106 employees). The project was actually ready to be launched on December 29, 2021. This was reported by the head of the Gazprom Сompany, which owns the pipeline. Due to the project, in which the largest concerns of the energy and oil market (Shell, OMV, Engie, Uniper, Wintershall DEA) took financial part, it was planned to increase the volume of natural gas transported to Germany along the bottom of the Baltic. By the end of February, the situation with the project came to a standstill....

Russia's plans to sell gas for rubles did not suit buyers

The President of the Russian Federation announced that the country would switch to ruble payments for gas supplies to "unfriendly countries." The leaders of many European states have already responded to Vladimir Putin's initiative. However, questions about how this will affect the energy balance of the global community remain open. Francesco Javazzi, an adviser to the Italian Prime Minister, said that the country's authorities had not yet discussed decisions to pay for Russian gas in...

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