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

FT: Russian oil company Lukoil plans to sell its Bulgarian refinery to Qatari-British consortium

Lukoil Neftochim in Burgas
Photo: BTA

The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times

The deal is expected to be announced by the end of 2024. 

Lukoil has already sent a letter to President Vladimir Putin informing him of the intention to sell, the publication said. The deal has been expected to happen for months, but until now there was no official word. 

The chosen buyer is the Oryx Global consortium of Qatari businessman Ghanim Al Saad and London-based trading house DL Hudson. Neither company would confirm or deny the news to the FT. 

According to FT information, the state energy companies of Azerbaijan and Kazakhstan - Socar and KazMunayGas, as well as the Turkish oil group Opet - participated in the bidding for Neftochim.



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

Bulgarian Ministry of Transport confirms priority of Corridor No. 8 connecting the Adriatic with the Black Sea

Bulgaria's Ministry of Transport has been working for years to develop Corridor No. 8, connecting the Adriatic with the Black Sea through Albania, North Macedonia and Bulgaria. Of the 1,220 km of railway line along the corridor, 747 km are on the..

published on 3/15/25 10:57 AM

The Eurozone and Bulgaria – from enthusiasm to skepticism

A little less than a month ago, Minister of Finance Temenuzhka Petkova presented, in Brussels, the headway Bulgaria has made along the road to joining the Eurozone. There, she stated that with its prudent fiscal policy, the country had earned its..

published on 3/14/25 2:23 PM

New destinations and digital solutions in tourism at the Holiday and SPA Expo 2025 in Sofia

From March 9 to 11, 2025, Inter Expo Center in Sofia plays host to the 41st edition of Holiday & SPA Expo. The event, organized with the support of the Bulgarian Ministry of Tourism, traditionally becomes a meeting point for leading experts,..

published on 3/8/25 7:10 AM