Bulgarian authorities have agreed with Lukoil Neftochim Burgas that the company can continue to operate and export oil products to the European Union until the end of 2024, despite warnings from the European Commission that it would violate the sanctions regime against the Russian Federation. portal reports. Euractiv.
As Deputy Prime Minister for the country’s economic policy, Hristo Alekseev, said, this agreement will contribute 350 million euros from the oil export tax to Bulgaria’s budget.
“From January 1, 2023, Lukoil will transfer all production, income and taxes payable to Bulgaria, not to the Netherlands or Switzerland as before,” he said.
Alekseev stated that within a week of the adoption of the relevant legal documents by Bulgaria, the Lukoil administration will decide to move on to a plan in which the profits from the oil refinery will be transferred to Bulgaria.
EU in June prohibited Purchase, import or transfer of Russian crude oil from 5 December 2022 and other refined products from Russia from 5 February 2023. Bulgaria has become an exception “due to its special geographical location”, it will continue to import crude oil and oil products by sea until the end of 2024.
Source: Gazeta
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