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

Lukoil warns of possible shutdown of production

Photo: EPA/BGNES

The cancellation from January 1, 2024 of the quotas for the export of oil products that cannot be sold on the Bulgarian market is in fact equivalent to the cancellation of the derogation from December 2023, states Lukoil Neftohim Burgas in a position on the occasion of the announced agreement between the ruling parties regarding the derogation for importing Russian oil.

PP-DB, GERB-SDS and MRF agreed that from January 1, 2024, the quotas for the export of Russian oil products will be suspended, and from March 1, the derogation will cease.

According to the refinery, blocking exports will lead to a rapid overflow of warehouses, as well as a forced shutdown of production. And this can put Lukoil in conditions of increased technological and logistical risk and endanger the supply of fuels for the Bulgarian market.

This is the reason why Lukoil has called for dialogue with institutions to find a "feasible risk-free solution".

Meanwhile, Finance Minister Assen Vassilev refuted the claims that nearly BGN 1 billion had flowed to Russia through the refinery. "The profit tax that Lukoil will pay this year is about BGN 400 million, and the profit it will realize is about BGN 600-650 million. i.e. BGN 250 million is the profit that we do not take for the Bulgarian treasury, he told BNT.



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

Evtim Miloshev

A record summer season but also arising problems, tourism industry says

The 2024 summer season has meant more in every respect – more revenues, tourists, sunny days, even more than the record-high  results of 2019, caretaker Minister of Tourism Evtim Miloshev said in an interview with bTV. But there are more problems as..

published on 9/30/24 8:43 AM

Writers and choreographers from five countries to participate in the Leap Off Page festival in Ruse

Writers and choreographers from Bulgaria, Venezuela, Lithuania, Turkiye and France will participate in the third edition of the international interdisciplinary festival Leap Off Page, which takes place from today until October 6 in Ruse, the..

published on 9/30/24 7:50 AM

Sofia DocuMental International Film Festival invites us to step out of the bubble

“Step Out of the Bubble” is the motto of Sofia DocuMental—the first international festival for creative non-fiction film with a focus on human rights. The festival will officially open today in Sofia and will continue until October 6. The..

published on 9/30/24 6:05 AM