Skip to content

Bulgaria’s Lukoil Faces Production Shutdown Threat Due to Export Quota Shift

Lukoil Neftohim Burgas has raised concerns over the announced agreement between ruling parties regarding the derogation for importing Russian oil. The refinery warns that the suspension of quotas for exporting oil products could force a halt in production, leading to logistical risks and a potential fuel supply crisis in Bulgaria. The agreement, set to eliminate quotas for oil product exports from January 1, 2024, and cease the derogation from March 1, poses a significant threat to Lukoil’s operations….