Petrotel Lukoil intră în insolvență: Decizie strategică la Ploiești

Petrotel Lukoil refinery in Ploiești has officially entered insolvency to protect its assets and employees amid international sanctions. The management claims this step is necessary for legal protection against creditors and to facilitate a potential sale. The refinery has been inactive since October last year due to technical revisions and subsequent sanctions from the U.S. Treasury. The company aims to preserve jobs, protect local suppliers, and maintain energy security while seeking a new owner compatible with Romania's strategic goals. The insolvency process is seen as a legal safety net while pursuing international buyers.