LUKoil, Russia's largest private oil company, says it is reviewing its business strategy in Bulgaria and is not ruling out selling its entire operation in the Balkan EU and NATO member, including the country's largest refinery, Neftohim, located in the Black Sea port of Burgas. In recent months the Bulgarian government has taken steps to curb some of the privileges LUKoil enjoyed for years. Bulgaria's parliament banned the import of Russian oil from March 1 2024, a few months earlier than the derogation from EU sanctions that allowed Bulgaria to import Russian oil until the end of 2024. To read the original story by RFE/RL's Bulgarian Service, click here.
Russia's LUKoil Mulls Sale Of Operations In Bulgaria
LUKoil's operations include Bulgaria's largest refinery, Neftohim, located in the Black Sea port of Burgas.