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

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

Photo: Reuters

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 Azerbaijan, Rumen Radev and Ilham Aliyev. At the same time, the Commission for Energy and Water Regulation granted a license to SOCAR Trading Gas and Power to trade natural gas on the Bulgarian market, Trud daily writes.

The famous economist Evgeny Kanev was the first to predict that the buyer would be SOCAR. He was joined on December 6 by Delyan Dobrev, the deputy from GERB, who is the chairman of the energy commission in the Parliament, according to the website of the Sega newspaper.

"Due to the geographical specifics of the production in Burgas and the logistics of supplying it with raw materials, the comments from the industry are that some interest in the refinery may come mainly from the Black Sea region, where the strong positions are held by the Azerbaijani state oil company SOCAR, which has a huge refinery in Turkey, and to Kazakhstan's KazMunayGas, owner of Romanian Rompetrol," wrote Capital.

SOCAR recently entered into an agreement with Russia's Lukoil, Reuters reported, according to which the Russian oil company will lend SOCAR $1.5 billion and supply SOCAR's STAR oil refinery in Turkey with up to 200,000 barrels per day of Russian crude oil.



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

The new week starts with rain and snow

On Monday, the weather will continue cloudy in most parts of the country with rain, more significant in the southeastern regions. Light snow will fall in the Pre-Balkans. Precipitation will stop from the southwest and clouds will break. There will be..

published on 12/1/24 5:20 PM

The annual effect of Bulgaria's accession to Schengen by land will amount to BGN 1.63 billion

The financial effect of our country's accession to Schengen by land will amount to BGN 1.63 billion (EUR 833.4 million) per year, according to a study by the Economic Research Institute at the Bulgarian Academy of Sciences. The greatest benefit..

published on 12/1/24 4:56 PM

The Ministry of Transport supports the idea of naming Sofia Airport after Vasil Levski

The Ministry of Transport and Communications supports the idea of naming Sofia Airport after Vasil Levski– the most undisputed figure in Bulgarian history. "I would like to thank the academic community, especially Academician Julian Revalski..

published on 12/1/24 12:53 PM