Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Lukoil warns of possible shutdown of production

Photo: EPA/BGNES

The cancellation from January 1, 2024 of the quotas for the export of oil products that cannot be sold on the Bulgarian market is in fact equivalent to the cancellation of the derogation from December 2023, states Lukoil Neftohim Burgas in a position on the occasion of the announced agreement between the ruling parties regarding the derogation for importing Russian oil.

PP-DB, GERB-SDS and MRF agreed that from January 1, 2024, the quotas for the export of Russian oil products will be suspended, and from March 1, the derogation will cease.

According to the refinery, blocking exports will lead to a rapid overflow of warehouses, as well as a forced shutdown of production. And this can put Lukoil in conditions of increased technological and logistical risk and endanger the supply of fuels for the Bulgarian market.

This is the reason why Lukoil has called for dialogue with institutions to find a "feasible risk-free solution".

Meanwhile, Finance Minister Assen Vassilev refuted the claims that nearly BGN 1 billion had flowed to Russia through the refinery. "The profit tax that Lukoil will pay this year is about BGN 400 million, and the profit it will realize is about BGN 600-650 million. i.e. BGN 250 million is the profit that we do not take for the Bulgarian treasury, he told BNT.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Satellite debris pass over Bulgaria

Late last night, the National Astronomical Observatory-Rozhen detected a glowing object the size of a car or a bus. The observatory’s director Nikola Petrov told BNT that it was not a meteorite or asteroid, but debris from artificial satellites..

published on 8/26/24 9:07 AM

Bulgaria is marking 90th anniversary of the consecration of the Freedom Monument on Mount Shipka

On this day, 90 years ago, the dedication of the Freedom Monument on Mount Shipka took place. It was erected in memory of the fallen heroes of the defended place during the Battle of Shipka, around which the decisive battles for the Russo-Turkish War..

published on 8/26/24 5:05 AM

Intermittent showers to cool down temperatures on Monday

Sunny weather will prevail on Monday. In the afternoon and until midnight, cumulus and cumulus-rain clouds will develop and in some places there will be short-term precipitation accompanied by thunder. They will be more significant in the extreme..

published on 8/25/24 6:15 PM