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

Rositsa Stelyanova

Bulgarian Industrial Capital Association demands a 3% increase in vocational classes

In a letter to Minister of Education Galin Tsokov, the Bulgarian Industrial Capital Association expresses concern over the state plan for admissions for the 2025-2026 academic year, in which the number of vocational classes in schools are being..

published on 11/25/24 4:29 PM

Prosecutor’s office is investigating Romanian citizens for illegal migrant trafficking

The Sofia City Prosecutor’s Office has initiated pre-trial proceedings regarding an organized criminal group for the trafficking of migrants, the prosecutor’s office has announced. Evidence was collected during the investigation regarding 16..

published on 11/25/24 2:51 PM
Chief Inspector Zornitsa Shumanova (L)

Domestic violence figures have been growing steadily

The number of crimes committed in the conditions of domestic violence has gone up by 54% since the beginning of the year compared to last year, the Ministry of Interior announced on International Day for the Elimination of Violence against Women. A..

published on 11/25/24 2:36 PM