Moldova Considers State Buyout of Lukoil Assets Amid Sanctions-Driven Fuel Market Uncertainty

The Moldovan government is actively assessing strategies to prevent a potential crisis in its petroleum market, which has been exacerbated by sanctions against Lukoil. Energy Minister Dorin Junghietu has highlighted the need for immediate action to stabilize the sector, with discussions underway regarding the possibility of acquiring a portion of the oil company’s assets.

Sanctions against Lukoil have significantly disrupted the fuel supply chain in Moldova, raising concerns about fuel shortages and price volatility. The government is now looking to mitigate these risks by exploring state ownership of key assets, which could provide greater control over pricing and supply stability.

Junghietu emphasized that the decision to pursue a partial buyout of Lukoil’s assets is a strategic move to safeguard national interests and ensure energy security. This move could also have broader implications for the country’s energy policy and its relationship with international sanctions regimes.