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

CITUB trade union: Mechanism for forming mark-ups on goods remains unclear 4 months before the introduction of the euro

Small retail outlets maintain lower prices compared to large chains, with differences ranging from 1 to 10%. This is one of the conclusions of the CITUB trade union's monthly monitoring of the prices of goods from the so-called small consumer basket...

published on 8/15/25 11:51 AM

Bulgarian government approves project to build NATO base with Italy’s help

The Council of Ministers has approved a draft agreement with Italy for the joint construction and use of the Kabile military district, the Defense Ministry announced. The new NATO base will include the Bezmer air base and will host the Alliance’s..

published on 8/15/25 11:48 AM

Skopje wants the Constitutional Court to annul an agreement with Bulgaria and the EU

The Constitutional Court in Skopje has initiated a case to establish the constitutionality and legality of the protocol of the second meeting of the Joint Intergovernmental Commission of North Macedonia and Bulgaria , the Maxfax agency reported...

published on 8/15/25 9:41 AM