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Apr 4, 2024 · When engineers at Russian oil firm Lukoil discovered a turbine had broken at their largest refinery on January 4, they quickly realised the problem was far from trivial.
- Exclusive: Russia's No.4 oil refinery restarts key unit ...
Russian oil producer Lukoil has restarted a key piece of...
- Exclusive: Russia's No.4 oil refinery restarts key unit ...
Apr 4, 2024 · When engineers at Russian oil firm Lukoil discovered a turbine had broken at their largest refinery on January 4, they quickly realised the problem was far from trivial.
Apr 3, 2024 · When engineers at Russian oil firm Lukoil discovered a turbine had broken at their largest refinery on January 4, they quickly realised the problem was far from trivial, and the company that...
- Overview
- Lukoil urges "swift resolution"
The international push to punish Russia for its invasion of Ukraine is playing out on the local level in the U.S. as gas stations affiliated with Russia's second-biggest oil company, Lukoil, face a backlash.
Lawmakers in Newark, New Jersey, this week voted to suspend Lukoil licenses in the city, with city council members citing the company's Moscow base. On social media, people are also calling for boycotts of Lukoil stations, which operate in 11 states, mostly in the northeastern U.S.
Still, the Newark measure is likely to have a bigger impact on Americans than on Russians. That's because most the 230 Lukoil-branded gas stations in the U.S. are mostly franchises owned and staffed by locals. The gasoline sold at the two Lukoil stations in Newark comes from a local refinery operated by Phillips 66, a U.S. company based in Houston, Texas.
The idea of having his business license yanked left one franchise owner confused and concerned for his 16 employees.
"I stand with Ukraine and I'm full in support of Russian sanctions, however I am baffled and confused how shutting down an American-based small business owner is sending a message to support," Roger Verma, told CBS New York.
"It doesn't hurt Lukoil and it doesn't hurt Russia," said Sal Risalvato, executive director of the New Jersey Gasoline, Convenience Store and Automotive Association.
Meantime, Lukoil on Thursday called for a "fast resolution of the military conflict" in Ukraine. "We fully support its resolution through negotiations, by diplomatic means," the company stated on its website.
Some lawmakers in Washington are pushing the White House to ban the purchase of Russian oil by U.S. companies and to impose sanctions on Russian energy companies.
As traders steer clear of Russian oil, the global price of crude has surged, increasing pain at the pump. The current U.S. average has soared 20 cents in the last week alone to $3.78 per gallon, according to GasBuddy.
Elsewhere, Some U.S. consumers have been getting rid of Smirnoff vodka, perhaps unaware that the alcoholic beverage is owned by U.K.-based Diageo and that the bottles sold in the U.S. are distilled in Plainfield, Illinois.
- Reporter, Moneywatch
- 3 min
- CBS News
Mar 13, 2024 · Russian officials reported attacks on energy facilities, including a fire at Lukoil’s NORSI refinery and a drone destroyed on the outskirts of the town of Kirishi, home to Russia’s second...
Jun 26, 2024 · Russian oil producer Lukoil has restarted a key piece of equipment for oil processing at its NORSI refinery, Russia's fourth-largest, following a drone attack in March, two industry sources...
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Feb 3, 2024 · The cause of the fire is being established. Later, local media reported that a fire broke out at the LUKOIL-Volgogradneftepererabotka oil refinery in Volgograd. Immediately, several sources in the emergency services confirmed to local journalists that a drone had fallen on the refinery.
