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

Energy Minister learned about sale of Lukoil Neftohim Burgas from the media

Photo: BTA

Acting Energy Minister Vladimir Malinov told a briefing that neither he nor the Energy Ministry had any information about the sale of Lukoil Neftohim Burgas. Yesterday, the Financial Times, citing its own sources, reported that Russian energy giant Lukoil plans to sell its majority stake in its refinery in Bulgaria, the company's largest asset in the Balkans, to a British and Qatari consortium by the end of the year. "This is what worries me personally - the lack of any information through official channels," Malinov said. "I also could not comment on the new owner mentioned by you, the media, because I am not familiar with the structure or the nature of this ownership arrangement," he added.

Malinov said that he would make formal enquiries to the refinery's shareholders and management about the potential deal, after which a thorough analysis of the fuel market in Bulgaria and the impact of the possible sale on the state's fiscal policy would be made. He said that at the moment he could not say how it would affect the domestic fuel market and budget revenues, especially considering the excess profits tax on Lukoil Neftohim Burgas. Bulgaria holds a "golden share" in the refinery, but has limited rights attached to it.



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

Yellow, brown alert code for rain, snow declared for 16 regions in Bulgaria for Thursday

On Thursday the weather will be cloudy. Precipitation will continue and will be significant in Central Northern Bulgaria, where snow will fall. Snow will also fall in the high valley fields in Western Bulgaria and the Western Fore-Balkans. In the..

published on 12/25/24 6:35 PM

Bulgarians are frugal on holiday gifts, prefer to travel

Bulgarians have set aside between 25 and 150 euros to surprise their loved ones with Christmas gifts, a BNT survey shows. Clothes and electronics are the most preferred goods. Online shopping in December also saw growth, and digital wallets, debit and..

published on 12/25/24 6:22 PM

Bulgaria's President extends condolences for the victims of the plane crash in Kazakhstan

Bulgaria mourns the loss of life in the crash of the passenger plane of the Azerbaijani airlines in Kazakhstan . This was written by Bulgaria's President Rumen Radev on his profile on the social network "X" on the occasion of the plane crash that..

published on 12/25/24 6:03 PM