Lukoil will have "an obligation" to sell its local refinery Petrotel before next month's deadline, Romania's state secretary for energy, Cristian Bușoi, told Politico in the context of the sanctions set by the US against two Russian oil companies.

US sanctions have also cast uncertainty over Kazakhstan’s second offshore greenfield in the northern part of the Caspian Sea, Kalamkas–Khazar, where Lukoil has a 50% stake and operatorship, with Kazakh state company KazMunayGaz holding the remaining interest.

The United States has pledged that President Donald Trump will follow through and enforce the fresh oil sanctions imposed on Russia to pressure Kremlin leader Vladimir Putin into peace talks with Ukraine.

Bulgaria is preparing measures to secure uninterrupted supplies of oil and oil derivatives after the U.S. imposed sanctions on Russia's Lukoil , which runs the country's biggest oil refinery, Energy Minister Zhecho Stankov said on Friday.

Days after canceling a planned summit with Putin, citing a lack of progress toward ending the war in Ukraine, Trump took a major step by effectively blacklisting Rosneft and Lukoil.

US Sanctions Shake Up Global Energy Game India’s decades-long oil strategy faces a dramatic shift. With new US sanctions targeting Russia’s oil giants Lukoil and Rosneft, Indian refineries could soon face tough choices.