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

Energy Minister learned about sale of Lukoil Neftohim Burgas from the media

Photo: BTA

Acting Energy Minister Vladimir Malinov told a briefing that neither he nor the Energy Ministry had any information about the sale of Lukoil Neftohim Burgas. Yesterday, the Financial Times, citing its own sources, reported that 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 British and Qatari consortium by the end of the year. "This is what worries me personally - the lack of any information through official channels," Malinov said. "I also could not comment on the new owner mentioned by you, the media, because I am not familiar with the structure or the nature of this ownership arrangement," he added.

Malinov said that he would make formal enquiries to the refinery's shareholders and management about the potential deal, after which a thorough analysis of the fuel market in Bulgaria and the impact of the possible sale on the state's fiscal policy would be made. He said that at the moment he could not say how it would affect the domestic fuel market and budget revenues, especially considering the excess profits tax on Lukoil Neftohim Burgas. Bulgaria holds a "golden share" in the refinery, but has limited rights attached to it.



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

Ivelin Mihaylov of Velichie party

CEC Public Council: For the first time a party is left outside parliament for lack of 21 votes

For the first time in recent election history, the end election result leaves a party running in the election outside the National Assembly with a result of 3.999% (Velichie), 21 votes short of the electoral threshold, reads a position by the..

published on 11/5/24 5:19 PM
Kamelia Neykova

CEC sends CCTV footage from polling stations to prosecutors 

The Central Election Commission (CEC) is sending the prosecutor the video recordings of the ballot count in 7 polling stations where there is a discrepancy in the number of votes counted.  The prosecutors will have to check whether there is..

published on 11/5/24 4:19 PM
Екатерина Захариева

Bulgarian Ekaterina Zaharieva is the EU commissioner for start-ups, research and innovation

The European Parliament has approved the nomination of Bulgarian Ekaterina Zaharieva as European Commissioner. She will be in charge of the 'Start-ups, Research and Innovation' portfolio.  After her confirmation hearing in the European Parliament,..

published on 11/5/24 4:03 PM