Text size

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

published on 11/6/24 11:55 AM

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!

Radio Bulgaria Economy Bulgarian oil refinery Financial Times Lukoil Neftochim Neftochim Burgas Russian oil company Lukoil

More from category

Financial Supervision Commission: The assets of private pension funds have reached EUR 13 billion

The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year. As of September 30, 2024, the number of..

published on 11/21/24 5:30 PM

Bulgarian economy registers upsurge, yet unevenly distributed over different regions

There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..

published on 11/19/24 11:51 AM

More than EUR 1 billion to be allocated for agriculture and the development of local economies

More than EUR 1 billion will be invested in agriculture and rural areas in Bulgaria in 2025. According to a decision by the Monitoring Committee of the Strategic Plan for Agricultural Development, the funds are aimed at modernizing agriculture and..

published on 11/17/24 10:07 AM

WEATHER

Pick city: Sofía

Mostly Cloudy
Min: -4 | Max: 16

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Financial Supervision Commission: The assets of private pension funds have reached EUR 13 billion

The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by..

published on 11/21/24 5:30 PM

Share

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

More from category

Financial Supervision Commission: The assets of private pension funds have reached EUR 13 billion

Bulgarian economy registers upsurge, yet unevenly distributed over different regions

More than EUR 1 billion to be allocated for agriculture and the development of local economies

Financial Supervision Commission: The assets of private pension funds have reached EUR 13 billion