gunvor

Gunvor withdraws from Lukoil deal as U.S. blocks approval; experts warn of possible impact on NIS and fuel prices in Serbia

The withdrawal of the company Gunvor from the purchase of Lukoil’s international assets will not disrupt the supply of petroleum products in Serbia, though prices are expected to rise, experts told the newspaper Kurir. However, they noted that the move indicates similar transactions involving the Serbian oil company NIS would likely be rejected by the U.S. administration. Gunvor, owned by Swedish billionaire Torbjörn Törnqvist, announced on Thursday that it was withdrawing its offer after the United States stated it would…