Text size

Lukoil Neftohim Burgas will process Russian oil for another year, MPs decide

published on 9/28/23 4:48 PM

Photo: capital.bg

Bulgaria has decided not to revoke the EU's derogation on Russian oil imports for its only refinery, owned by Lukoil, for another year. The parliament's decision is final, as lawmakers voted on second reading an amendment to the law concerning restrictive measures in view of the Russian invasion of Ukraine.

Thus, Lukoil Neftohim Burgas, the main domestic fuel supplier in Bulgaria, will work with Russian oil until September 30, 2024, when the derogation will be completely revoked. Until then, the refinery will have to gradually change the origin of the oil it works with. From October 2024, the refinery will have to process only oil of non-Russian origin. If Lukoil's Russian subsidiary in the country does not meet the condition of full diversification of crude oil supplies, the government will have to place the refinery and all other assets owned by Lukoil under state control through a special commercial manager.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News derogation EU rectrictive measures Lukoil Neftohim Burgas National Assembly Russian oil Ukraine

More from category

EC hopes for positive decision on part of payments under Bulgaria's Recovery and Resilience Plan

The European Commission hopes to have a positive decision this year on at least part of the second payment under the Recovery and Resilience Plan in the amount of 653 million euros for Bulgaria . This was stated by the Commission spokesman Maciej..

published on 2/27/25 3:20 PM

CEC: There will be no recount of ballots from the last elections

There will be no recount of ballots from the recent parliamentary elections in October 2024. The Central Election Commission (CEC) met today after the Constitutional Court yesterday ordered a recount of the parliamentary election results due to numerous..

published on 2/27/25 1:54 PM

Supermarket boycott already bearing fruit, says agriculture minister

The effects of the protests against supermarkets are being felt, Agriculture Minister Georgi Tahov said in Plovdiv, where he was attending a national meeting of fruit and vegetable producers. He added that there had already been a drop in the price of..

published on 2/27/25 1:09 PM