ПРОГРАМИ
en de ru fr es sr gr al tr ro
Podcast in English
Share
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Burgas refinery switches to oil from Kazakhstan, Iraq and Tunisia

Photo: Ani Petrova

According to the London Stock Exchange (LSE), in January Bulgaria replaced imports of Russian oil with imports from Kazakhstan, Iraq and Tunisia, reports BTA, citing Reuters. 

Bulgaria has a derogation from the EU embargo against Russia, allowing it to import Russian oil by sea through 2024. But the country has restricted exports of all refined products produced from Russian crude from this month, making it almost impossible for its sole refinery Lukoil Neftochim Burgas to run on Russian oil, and has decided to stop all Russian crude imports from March.

Bulgaria was the fourth largest buyer of Russian oil by sea in 2023, with more than 100,000 barrels per day. The profitability of the plant is also affected by a 60% tax imposed by the Bulgarian government on the refinery's profits. The Russian company has already said that it is considering selling its assets in Bulgaria. Reuters notes that Lukoil and the Bulgarian Economy Ministry did not respond to requests for comment on the information.


Bulgaria can take over operation of Russian company Lukoil's Neftochim Burgas refinery for up to a year, lawmakers decided on Friday in a vote aimed at protecting critical infrastructure and ensuring fuel supplies for the Balkan country. In doing so, Sofia is paving the way to take control of Lukoil's oil refinery if necessary, comments Reuters.

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.
Radio Bulgaria Economy    Iraq Kazakhstan Lukoil Neftochim Burgas oil Russia Tunisia

More from category

Survey: Almost half of Bulgarians sceptical about euro adoption

47% of Bulgarians disagree with the statement that Bulgaria's entry into the euro area will boost the Bulgarian economy and raise their living standards. This is the result of a national survey conducted by the Market Links agency between 27 April and..

published on 5/10/24 10:39 AM

OECD expects inflation in Bulgaria to slow from 9.5% in 2023 to 3.0% in 2024

The Organisation for Economic Co-operation and Development (OECD) forecasts an acceleration in Bulgaria's economic growth from 1.8% in 2023 to 2.5% in 2024 and to 2.9% in 2025 as public investment increases along with EU funds. OECD expects inflation..

published on 5/2/24 5:42 PM

Zero VAT on flour and bread extended until end of 2024

MPs have agreed to extend the 0% VAT on bread and flour, which was due to expire on June 30, until the end of 2024. Under the GERB proposal, traders will be allowed to add a maximum of 15% profit margin on bread, but the proposal is limited to the most..

published on 4/30/24 6:09 PM

WEATHER
Pick city: Sofía
Clear
Min: 18 | Max: 34
Clear
Min: 19 | Max: 29
Clear
Min: 19 | Max: 30
Clear
Min: 15 | Max: 35
Clear
Min: 20 | Max: 34
Clear
Min: 17 | Max: 35
Clear
Min: 16 | Max: 34
Clear
Min: 13 | Max: 32
Clear
Min: 17 | Max: 33
Clear
Min: 16 | Max: 34
Clear
Min: 17 | Max: 36
Clear
Min: 19 | Max: 35
Clear
Min: 16 | Max: 35
Clear
Min: 14 | Max: 31
Clear
Min: 17 | Max: 36
Clear
Min: 17 | Max: 35
Clear
Min: 18 | Max: 33
Clear
Min: 19 | Max: 37
Clear
Min: 19 | Max: 34
Clear
Min: 20 | Max: 33
Clear
Min: 13 | Max: 30
Clear
Min: 15 | Max: 32
Clear
Min: 16 | Max: 35
Clear
Min: 16 | Max: 33
Clear
Min: 16 | Max: 35
Clear
Min: 15 | Max: 34
Clear
Min: 15 | Max: 35
BULGARIA IN PICTURES
Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?
Yasen Gyuzelev
Theodore Ushev
Christo Javacheff - Christo
Ilia Peikov
Lika Yanko

BULGARIANS ABROAD

Български English Русский Deutsch Српски Français Ελληνικά Español Shqip Türkçe Română
MOST VIEWED

IT sector attracts thousands but the market cherry picks the most motivated and experienced specialists

IT is one of the leading sectors in terms of salary increases and interest by job seekers in Bulgaria. Before the pandemic all kinds of experts were..

published on 7/5/24 1:44 PM

english@bnr.bg

+359 2 9336 661

Общи условия за използване на сайта | Политика за поверителност | Политика за "бисквитки"