US Grants Sanctions Waiver, Reigniting Key Lukoil Refineries in Romania and Bulgaria

Romania and Bulgaria have secured critical sanctions waivers from the United States, enabling Russian-owned Lukoil's petroleum assets in both countries to resume operations under strict conditions. Both nations hailed the move, as it promises to fill significant supply gaps in their domestic energy markets while adhering to restrictions on processing Russian crude. In Romania, the Petrotel-Lukoil refinery, which supplies around a quarter of the nation’s fuel, is set to restart within 45 days, ac