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

Bulgaria’s Anti-Corruption Commission probes 'Velichie' party in major property fraud case

Bulgaria’s Anti-Corruption Commission is investigating a large-scale property fraud and money laundering scheme connected to the 'Historical Park', which is associated with Ivelin Mihaylov, the leader of the Velichie party. Those arrested include the..

published on 11/26/25 2:30 PM

Borissov cites EU defence adjustment to claim a 2026 deficit of 2.7%

The ruling party and the opposition argued about the procedure for the Budget Committee meeting before the final vote on the 2006 budget . Assen Vassilev, chairman of the We Continue the Change party, attempted to block the committee’s extraordinary..

published on 11/26/25 2:15 PM

Agriculture and forestry workers protest for higher salaries

Employees in the agriculture and forestry sector staged a protest in front of the Parliament, demanding higher salaries for workers in departments that are secondary budget administrators. The protest was organized by the National Federation of..

published on 11/26/25 12:34 PM