Recently, local media have been constantly speculating about Lukoil’s plans to sell the plant in Burgas and leave Bulgaria.

The oligarch Vagit Alekperov is Russia's official richest man after being behind the country's biggest oil company.

Energy experts and economists have urged the Bulgarian government to consider purchasing the Lukoil refinery in Burgas, following growing concerns over the potential future ownership of the facility.

Lukoil, Russia’s second-largest oil company ... but it cannot have a direct involvement in the change of ownership, as at the moment there is one majority private owner,” Energy Minister Vladimir ...

Despite the sanctions, Lukoil continues to operate a strategically important facility that plays a key role in the region's energy supply. The company's main owner is Litasco, a company registered in ...

LUKOIL entered the Bulgarian market in October 1999, becoming the owner of a controlling stake in the Burgas refinery with a capacity of 8.8 million tons. The company also operates a network of more ...