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Payment made by Lukoil to state fund lower than sum set down by Energy Ministry

The oil refinery Lukoil Neftohim Burgas has made payments to the Electricity System Security Fund amounting to 45 million Leva (EUR 22.9 million), a sum lower than the sum set down by the Ministry of Economy, the Fund told the BNR...

20.01.24 13:43 |

US Congress Committee requests clarification regarding Lukoil Burgas and the import of Russian oil

The US has officially asked for clarification regarding what legislative amendments connected with Lukoil, Russian oil and the derogation for its import have been adopted by Bulgarian parliament.   The request was made by the Foreign..

21.12.23 11:42 |

The state will not allow fictitious sale of Lukoil refinery

If there is a sale of Lukoil, it should be to a clear owner, a strategic investor in the company. This was stated by Finance Minister Assen Vassilev to Nova TV. The comment is about the information that Lukoil is reviewing its operation in Bulgaria and..

11.12.23 10:52 |
Bulgarian President Rumen Radev.

Bulgarian president victim of video hoax 

A fake video with the image and voice of the Bulgarian president has been removed from the Internet , the Interior Ministry's press centre said. The immediate action by the specialised services of the General Directorate for Combating Organised Crime was..

09.12.23 15:26 |

Media speculations appear that Lukoil in Burgas will be bought by Azerbaijan's SOCAR

The Azerbaijani state oil company SOCAR is the most likely buyer of the Lukoil Neftohim Burgas refinery, reported the site of the Trud newspaper. At the end of April 2023, SOCAR opened an office in Sofia in the presence of the presidents of Bulgaria and..

06.12.23 12:12 |

No risk of fuel shortages in Bulgaria, if Lukoil leaves the country, Finance Minister says

There is no risk of Bulgaria running out of fuel, Finance Minister Assen Vassilev said in response to Lukoil's announcement that it was considering selling its operations in the country. "In view of the significant change in the operating..

05.12.23 15:06 |

Lukoil is reviewing its asset strategy in Bulgaria, including the sale of its business

"Lukoil has started reviewing its asset strategy in Bulgaria, and will analyse various options, including the sale of the business’’, the company said. The company has started to review its asset strategy in view of the significant change in the..

05.12.23 12:17 |

Lukoil warns of possible shutdown of production

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..

18.11.23 10:27 |
Delyan Dobrev and  Desislava Atanasova of GERB/SDS

Ruling majority divided over termination of derogation for use of Russian oil by Lukoil

“Not in the space of three days, yesterday Lukoil was ready to switch entirely over to non-Russian oil, with a reduced operating capacity for Neftochim, but enough to meet the country’s needs of fuel,” Delyan Dobrev, chair of the National Assembly’s..

16.11.23 12:10 |

Bulgarian Parliament is debating whether to drop the derogation for Russian oil

Today, the Bulgarian parliament will discuss in the first reading two draft laws on changes to the Law on the Control of Implementation of Restrictive Measures in view of Russia's actions destabilizing the situation in Ukraine. Their importers are..

16.11.23 07:05 |
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