Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

There is interest in the sale of Lukoil refinery Bulgaria's Burgas

Photo: Lukoil Neftochim Burgas

The increased pressure of the Bulgarian government on the Russian companies operating in Bulgaria has caused Lukoil to start a procedure for the sale of its Burgas-based oil refinery, Bulgarian Finance Minister Assen Vassilev told the Financial Times. There are already "signs of interest" from a potential buyer. Only after the deal is completed will the profit tax for the refinery be reduced from 60% to 15%. 

The transition of production to non-Russian oil will cost around 500 ln euro, the publication writes.

Bulgaria's Prime Minister Nikolay Denkov has commented that it is not clear whether the expressed interest in the refinery will end with a purchase and everything depends on the owner Lukoil Bulgaria. "When it comes to such a large asset, there are quite a few stages before a successful final deal is reached," the prime minister added.

Lukoil Burgas is the largest Russian oil refinery in Southeast Europe. The company exports more than half of its production, with most of the diesel fuel going to Ukraine, the Financial Times specifies.



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

Do dual prices in euros and leva confuse the Bulgarian consumers?

As of August 8, 2025, the mandatory indication of prices for all goods and services in Bulgaria in two currencies – in Bulgarian leva and in euros – has been in effect. This obligation will remain valid for traders for a period of one year – until..

published on 8/27/25 2:50 PM
Luboslav Kostov

Trade Unions: The minimum wage should be EUR 620.2 as of January 1

As of January 1, 2026, the minimum monthly wage should be 1,213 BGN (EUR 620.2), up from the current 1,077 BGN (EUR 550.66), said Luboslav Kostov, Chief Economist at the Confederation of Independent Trade Unions in Bulgaria (CITUB), in an interview..

published on 8/26/25 5:11 PM

Eurostat: Annual inflation in Bulgaria in July is 3.4%

Inflation in the EU in July reached 2.4% on an annual basis , according to Eurostat data. Regarding Bulgaria, European statistics report an increase in inflation to 3.4% in July this year compared to the same month last year. According to this..

published on 8/20/25 3:15 PM