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Lukoil denied that there had been talks about the sale of the refinery in Bulgaria

A few days ago, information appeared in the Financial Times, according to which the Russian energy giant Lukoil plans to sell its majority stake in its refinery in Bulgaria by the end of the year, most the company's major asset in the Balkans, of a Qatari-British consortium. The newspaper refers to its sources

Nov 7, 2024 11:48 197

Lukoil denied that there had been talks about the sale of the refinery in Bulgaria  - 1

A sale of "Lukoil Neftohim Burgas" is not being prepared. of a Qatari-British consortium. This was announced in its official position by LITASCO SA, shareholder of the refinery in Bulgaria, quoted by Dariknews.bg.

A few days ago in the "Financial Times" information appeared, according to which the Russian energy giant "Lukoil" plans to sell its majority stake in its refinery in Bulgaria, the company's largest asset in the Balkans, to a Qatari-British consortium by the end of the year. The newspaper refers to its sources.
LITASCO SA states that the assumptions made in these publications are "inaccurate and misleading, in particular there are no discussions with the aforementioned Qatari-British consortium" and there was no communication with the authorities of the Russian Federation on the subject.

LUKOIL remains committed to conducting a transparent process and will continue to inform the Bulgarian authorities, the Union of Bulgarian Petrochemists LUKOIL and other interested parties about any significant development of the Bulgarian assets, the company states.

And they add that various options for its business in Bulgaria are being analyzed under the coordination of independent consultants with the participation of a number of renowned market players. However, no decision has been made regarding a specific deal or potential counterparty.

A day ago, the Acting Minister of Energy Vladimir Malinov announced that neither he nor the Ministry of Energy had information about the sale of "Lukoil Neftohim Burgas".