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

Cheap labour is no longer a leading factor in attracting foreign investments in Bulgaria

Transformation – this is the word that most accurately describes the current state of the Bulgarian industry. According to an analysis of sectoral data for the period from 2008 to the beginning of 2024, made by the Institute for..

published on 3/31/25 1:19 PM

The tourism sector in Bulgaria is ready to work with the common European currency

Tourism is one of the sectors in Bulgaria ready to the greatest extent to smoothly continue working after Bulgaria joins the Еurozone , the executive director of the National Tourism Board, Dr. Polina Karastoyanova, believes. In tourism, and at this..

published on 3/26/25 2:10 PM

President Rumen Radev and the Ambassador of Japan to Bulgaria H.E. Hisashi Michigami

Bulgaria and Japan keen on developing strategic economic partnership

Bulgaria can be a strategic partner of Japan for the region of Eastern and Central Europe. This was stated by Bulgarian President Rumen Radev as he welcomed the participants in the business breakfast organized by the Japan-Bulgaria Business..

published on 3/24/25 11:37 AM