Lukoil Refinery in Romania Probed in Tax Evasion Case

Romanian prosecutors aresearchingthe offices of Petrotel-Lukoil refinery on Thursday in a case of money laundering and tax evasion, local media reported.

The damages to the state budget are estimated at some 200 million euro ($252.7 million), financial daily Ziarul Financiar reported, citing unnamedsources.

Petrotel-Lukoil refinery, located in the southern city of Ploiesti,is one of the largest Romanian oil refineries and one of the largest in Eastern Europe. It was sold to Russian company Lukoil in 1998.

Source: SeeNews