Knowledge (XXG)

Lukoil Neftohim Burgas

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switched to main oil terminals in Bulgaria as well as to provide access to pipes for transportation of imported oil. In return, “LUKOIL Neftohim Burgas” has brought into focus, that any of the rules on Bulgarian oil market weren`t violated by the company. In 2022, it announced that it could only work with Russian oil grade "Ural". After he managed to avoid the embargo on Russian oil, he produces his fuel at several times lower cost, which he sells now at market prices. The refinery is also under investigation for tax evasion and financial manipulation.
283: 297: 796: 514:[LUKOIL announced a “political storm” over a plant in Bulgaria. LUKOIL will consider selling assets in Bulgaria due to the seizure of the plant in Burgas: Bulgaria plans to ban LUKOIL refineries from using Russian oil and selling petroleum products. The company saw in these measures the risk of stopping production and warned that it could sell the business]. 512:"ЛУКОЙЛ заявил о «политической буре» из-за завода в Болгарии. ЛУКОЙЛ рассмотрит продажу активов в Болгарии из-за изъятия завода в Бургасе: В Болгарии планируют запретить НПЗ ЛУКОЙЛа использовать российскую нефть и продавать нефтепродукты. Компания увидела в этих мерах риск остановки производства и предупредила, что может продать бизнес" 103:
In November 2021, Competition commission of Bulgaria accused Bulgarian branch of “Lukoil” of abuse of market dominance, due to, despite company`s biggest warehouse and logistics infrastructure on local oil market, Lukoil`s withdrawal to stock oil from other companies at Lukoil taxable warehouses,
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In 2022 Bulgaria managed to obtain an exemption to allow Russian crude oil to be imported for the refinery until December 2024. Certain conditions were made for the concession, including that no crude oil would be shipped out to the EU and no refined oil world be sent outside Bulgaria, except to
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Lukoil Neftohim Burgas had never paid tax in Bulgaria as profits were sent to the parent in Switzerland. Then in 2022 tax of BGN 3.5 million was paid. It was expected that tax in 2023 would amount to BGN 100 million and BGN 600-700 million in 2024.
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On 5 December 2023, Bulgaria announced that exports of Russian processed oil will cease by 1 January 2024. The refinery will need an investment of €500m to reconfigure to process lighter grade crude oil.
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In April 2023 Lukoil Bulgaria and Lukoil Neftohim Burgas were fined 195 million Lev (€100m) for abuse of a dominant position on the oil market contrary to national and European competition law.
464:"CPC imposes sanctions to "Lukoil Neftohim Burgas" AD and "Lukoil-Bulgaria" EOOD amounting to 195 million BGN for abuse of a dominant position under the national and European competition law" 97:
The refinery became operational in 1964 and joined the Lukoil Group in 1999. With some improvements undertaken over the year that refinery has a capacity to process 7 million tonnes a year.
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In October 2023 Bulgaria imposed a punitive tax rate on the owner of the refinery of 60% to encourage the Russian owner to sell the refinery. The tax rate will drop to 15% for a new owner.
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Crude oil arrives by sea to the nearby port terminal of Burgas Rosenetz before being piped to the refinery. In 2011 Lukiol was given a 35 year concession to run the Rosnetz oil terminal.
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As of August 2023, Bulgaria imported 3 million barrels per month of Russian-produced oil and is the fourth largest importer of Russian-produced oil in the world.
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shipped 40,000 tons to Rotterdam in August 2023, other shipments have used ship-to-ship transfers to hide the source from the ultimate buyer.
450:"Russian oil on EU soil: Bulgarian refinery skirts sanctions and buys Russian crude worth an estimated EUR 1.1 billion in tax to the Kremlin" 118:
On 15 August 2023 Bulgaria took operational control of the Burgas Rosenetz oil terminal from Lukoil by terminating the concession contract.
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LUKOIL Neftohim Burgas employs 1,348 people (2019), the average salary being the highest among industrial companies in the country. The
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In January 2024, the refinery is not scheduled to receive any Russian oil, deliveries will be from Kazakhstan, Iraq, and Tunisia.
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In December 2023, a number of companies had expressed an interest in buying the refinery, including Azerbaijani state oil company
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Bulgaria has announced that imports of Russian crude will cease on 1 March 2024, earlier than the EU concession date.
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has operated entirely on self-produced electric power since 23 May 2000 and uses water from the nearby
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Ukraine, or for storage. Exports of processed oil has however been made from the refinery, the
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has the biggest contribution among the privately owned enterprises to the country's
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for Bulgaria and the region and one of the leading companies in its field in
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LUKOIL Neftohim Burgas AD produces the following petrochemical products:
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revenues. LUKOIL Neftohim Burgas is the leading producer and supplier of
32: 585: 544:"Bulgaria accelerates end of sanctions loophole that earned Russia €1B" 207: 190: 71: 572:"Bulgaria Diversifies Oil Imports, Turns to Kazakhstan, Iraq, Tunisia" 386: 75: 47: 43: 28: 419:""Лукойл Нефтохим" ще плати данък печалба за първи път от 15 години" 625: 132: 39:
in the Balkans and the largest industrial enterprise in Bulgaria.
463: 629: 495:"Bulgaria imposes taxes to force out Russian energy companies" 55: 80: 405:"Вносът на руски петрол расте въпреки европейските санкции" 387:"Лукойл Болгарии злоупотребил положением на рынке топлива" 620: 35:, sometimes spelt "Neftochim Burgas," is the largest 1147: 1124: 1008: 803: 661: 478:"Lukoil Loses Control of Bulgarian Oil Terminal" 271:The tax rate was raised to 60% in October 2023. 506: 504: 641: 520:(in Russian). 5 December 2023. Archived from 8: 177:without bio component under EN-590 /Euro-5/ 648: 634: 626: 444: 442: 165:Motor gasoline А-98 under EN-228 /Euro-5/ 162:Motor gasoline А-95 under EN-228 /Euro-5/ 489: 487: 230:Process Sulfur (palletized and "lumps"). 1230:Bulgarian companies established in 1963 343: 323: 7: 1215:Buildings and structures in Burgas 586:"Lukoil Neftohim Burgas Employees" 187:component B4 under EN-590 /Euro-5/ 14: 1205:Oil and gas companies of Bulgaria 794: 295: 281: 1225:Bulgaria–Soviet Union relations 1: 159:А-92 /export outside the EU/ 1066:Caspian Pipeline Consortium 1246: 1210:Oil refineries in Bulgaria 792: 24: 676:Anastasievsko-Troitskoye 352:"Lukoil Burgas Refinery" 135:and American investors. 1200:Petrochemical companies 1134:Lukoil Neftohim Burgas 89: 25:ЛУКОЙЛ Нефтохим Бургас 17:LUKOIL Neftohim Burgas 1060:Burgas–Alexandroupoli 84: 974:Pivdenno-Holitsynske 85:The LUKOIL Neftohim 606:. 21 November 2022. 546:. 17 November 2023. 169:Low octane gasoline 574:. 12 January 2024. 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Retrieved 346: 326: 311:Plama Pleven 270: 266: 250: 150: 137: 130: 127: 123: 120: 117: 114: 109: 106: 102: 99: 96: 64:liquid fuels 60:state budget 41: 37:oil refinery 27:), based in 16: 15: 1076:Odesa–Brody 1049:Blue Stream 1033:Baku–Batumi 988:Shmidtivske 895:Holitsynske 805:Natural gas 786:Val Shatsky 736:Lebăda Vest 181:Diesel fuel 175:Diesel fuel 58:and to the 1189:Categories 1139:Petromidia 1126:Refineries 1109:TurkStream 1044:Baku–Supsa 928:Luceafărul 861:Cobălcescu 751:Olimpiysky 731:Lebăda Est 663:Oil fields 528:5 December 357:9 December 338:References 110:Seaexpress 46:oil giant 1010:Pipelines 992:Shtormove 841:Bezimenne 781:Tyulenovo 247:Workplace 42:Owned by 21:Bulgarian 979:Ropotamo 943:Muridava 908:Kaliakra 818:Akçakoca 771:Subbotin 756:Pescăruș 741:Midia SE 706:Delta VI 701:Delta IV 313:Refinery 275:See also 263:Taxation 253:refinery 235:Polymers 203:Fuel oil 197:Jet fuel 157:gasoline 142:Products 87:refinery 72:polymers 52:refinery 33:Bulgaria 997:Skifska 984:Sakarya 938:Miorița 918:Kamchia 882:Foroska 878:Florina 746:Mihaela 711:Eugenia 208:Bitumen 191:Gas oil 93:History 44:Russian 1195:Lukoil 1172:Tuapse 1157:Kulevi 961:Pallas 956:Odeske 904:Izgrev 887:Galata 870:Domino 851:Chaika 846:Bianca 836:Balaur 807:fields 776:Tuapse 592:. YOX. 590:yox.bg 193:0,1% S 155:Motor 76:Europe 50:, the 48:LUKOIL 29:Burgas 1162:Midia 965:Paula 951:Obzor 947:Nadia 933:Maria 900:Ioana 866:Doina 856:Clara 766:Sinoe 726:Irina 721:Gîsca 691:Cobza 517:«РБК» 318:Notes 183:with 171:/LOG/ 147:Fuels 133:SOCAR 1082:PEOP 1054:BRUA 1026:AMBO 1019:AGRI 923:Lira 891:Gina 828:Anca 530:2023 391:ТАСС 359:2023 70:and 823:Ana 814:A–E 696:D-T 686:C-T 681:B-T 671:A-T 199:А-1 185:bio 56:GDP 1191:: 588:. 503:^ 486:^ 441:^ 259:. 78:. 66:, 31:, 23:: 649:e 642:t 635:v 532:. 361:. 19:(

Index

Bulgarian
Burgas
Bulgaria
oil refinery
Russian
LUKOIL
refinery
GDP
state budget
liquid fuels
petrochemicals
polymers
Europe
The LUKOIL Neftohim refinery
refinery
SOCAR
gasoline
Low octane gasoline
Diesel fuel
Diesel fuel
bio
Gas oil
Jet fuel
Fuel oil
Bitumen
Vacuum residue
Propane-butane
Polypropylene
refinery
Lake Mandrensko

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