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Lukoil rejects all allegations of Romanian prosecutors

The company strongly rejects all allegations of money laundering and tax evasion by its subsidiary Petrotel-Lukoil and its employees and expects an objective investigation, the statement says

© AP Photo/Valentina Petrova

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Russian oil company urges Ukraine to investigate financial terrorism allegations

MOSCOW, July 9 / TASS / Russian oil major Lukoil has rejected all allegations of Romanian prosecutors on money laundering and tax evasion by its subsidiary Petrotel-Lukoil, the company said in a statement on Thursday.

Lukoil counts on an objective investigation in the case.

"Lukoil strongly rejects all allegations of money laundering and tax evasion by Petrotel-Lukoil and its employees. Lukoil has been working in Romania since 1998 and is one of the largest energy companies on the region's market. Lukoil is bona fide payer to the state budget and the supplier of quality products for the Romanian consumers," the company said in a statement.

Lukoil intends to appeal to the prosecutor's office within the necessary schedule, and it expects an objective investigation into the incident, in accordance with the laws of Romania and the EU.

Lukoil also said that Petrotel-Lukoil provides about a thousands of jobs in the region. In the last 9 years, $540 million have been invested in the modernization of the refinery, the company adds.

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