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.
294: 308: 807: 525:[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]. 523:"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" 114:
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.
475:"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" 108:
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.
461:"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" 129:
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
43: 596: 555:"Bulgaria accelerates end of sanctions loophole that earned Russia €1B" 218: 201: 82: 583:"Bulgaria Diversifies Oil Imports, Turns to Kazakhstan, Iraq, Tunisia" 397: 86: 58: 54: 39: 430:""Лукойл Нефтохим" ще плати данък печалба за първи път от 15 години" 636: 143: 50:
in the Balkans and the largest industrial enterprise in Bulgaria.
474: 640: 506:"Bulgaria imposes taxes to force out Russian energy companies" 66: 91: 416:"Вносът на руски петрол расте въпреки европейските санкции" 398:"Лукойл Болгарии злоупотребил положением на рынке топлива" 631: 46:, sometimes spelt "Neftochim Burgas," is the largest 1158: 1135: 1019: 814: 672: 489:"Lukoil Loses Control of Bulgarian Oil Terminal" 282:The tax rate was raised to 60% in October 2023. 517: 515: 652: 531:(in Russian). 5 December 2023. Archived from 8: 188:without bio component under EN-590 /Euro-5/ 659: 645: 637: 455: 453: 176:Motor gasoline А-98 under EN-228 /Euro-5/ 173:Motor gasoline А-95 under EN-228 /Euro-5/ 500: 498: 241:Process Sulfur (palletized and "lumps"). 1241:Bulgarian companies established in 1963 354: 334: 7: 1226:Buildings and structures in Burgas 597:"Lukoil Neftohim Burgas Employees" 198:component B4 under EN-590 /Euro-5/ 25: 1216:Oil and gas companies of Bulgaria 805: 306: 292: 1236:Bulgaria–Soviet Union relations 1: 170:А-92 /export outside the EU/ 1077:Caspian Pipeline Consortium 1257: 1221:Oil refineries in Bulgaria 803: 35: 687:Anastasievsko-Troitskoye 363:"Lukoil Burgas Refinery" 146:and American investors. 1211:Petrochemical companies 18:LUKOIL Neftochim Burgas 1145:Lukoil Neftohim Burgas 100: 36:ЛУКОЙЛ Нефтохим Бургас 28:LUKOIL Neftohim Burgas 1071:Burgas–Alexandroupoli 95: 985:Pivdenno-Holitsynske 96:The LUKOIL Neftohim 617:. 21 November 2022. 557:. 17 November 2023. 180:Low octane gasoline 585:. 12 January 2024. 571:. 6 December 2023. 535:on 6 December 2023 508:. 17 October 2023. 463:. 9 November 2023. 101: 1191: 1190: 1050:Baku–Novorossiysk 491:. 21 August 2023. 16:(Redirected from 1248: 1231:Black Sea energy 1012:South Cobălcescu 809: 667:Black Sea energy 661: 654: 647: 638: 619: 618: 611: 605: 604: 593: 587: 586: 579: 573: 572: 565: 559: 558: 551: 545: 544: 542: 540: 519: 510: 509: 502: 493: 492: 485: 479: 478: 471: 465: 464: 457: 448: 447: 440: 434: 433: 426: 420: 419: 412: 406: 405: 394: 388: 387: 380: 374: 373: 371: 369: 359: 342: 339: 316: 311: 310: 302: 297: 296: 295: 37: 21: 1256: 1255: 1251: 1250: 1249: 1247: 1246: 1245: 1196: 1195: 1192: 1187: 1154: 1131: 1015: 885:East Cobălcescu 817: 810: 801: 668: 665: 632:LUKOIL Bulgaria 628: 623: 622: 613: 612: 608: 595: 594: 590: 581: 580: 576: 567: 566: 562: 553: 552: 548: 538: 536: 521: 520: 513: 504: 503: 496: 487: 486: 482: 477:. 5 April 2023. 473: 472: 468: 459: 458: 451: 446:. 13 July 2022. 442: 441: 437: 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Retrieved 357: 337: 322:Plama Pleven 281: 277: 261: 161: 148: 141: 138: 134: 131: 128: 125: 120: 117: 113: 110: 107: 75:liquid fuels 71:state budget 52: 48:oil refinery 38:), based in 27: 26: 1087:Odesa–Brody 1060:Blue Stream 1044:Baku–Batumi 999:Shmidtivske 906:Holitsynske 816:Natural gas 797:Val Shatsky 747:Lebăda Vest 192:Diesel fuel 186:Diesel fuel 69:and to the 1200:Categories 1150:Petromidia 1137:Refineries 1120:TurkStream 1055:Baku–Supsa 939:Luceafărul 872:Cobălcescu 762:Olimpiysky 742:Lebăda Est 674:Oil fields 539:5 December 368:9 December 349:References 121:Seaexpress 57:oil giant 1021:Pipelines 1003:Shtormove 852:Bezimenne 792:Tyulenovo 258:Workplace 53:Owned by 32:Bulgarian 990:Ropotamo 954:Muridava 919:Kaliakra 829:Akçakoca 782:Subbotin 767:Pescăruș 752:Midia SE 717:Delta VI 712:Delta IV 324:Refinery 286:See also 274:Taxation 264:refinery 246:Polymers 214:Fuel oil 208:Jet fuel 168:gasoline 153:Products 98:refinery 83:polymers 63:refinery 44:Bulgaria 1008:Skifska 995:Sakarya 949:Miorița 929:Kamchia 893:Foroska 889:Florina 757:Mihaela 722:Eugenia 219:Bitumen 202:Gas oil 104:History 55:Russian 1206:Lukoil 1183:Tuapse 1168:Kulevi 972:Pallas 967:Odeske 915:Izgrev 898:Galata 881:Domino 862:Chaika 857:Bianca 847:Balaur 818:fields 787:Tuapse 603:. YOX. 601:yox.bg 204:0,1% S 166:Motor 87:Europe 61:, the 59:LUKOIL 40:Burgas 1173:Midia 976:Paula 962:Obzor 958:Nadia 944:Maria 911:Ioana 877:Doina 867:Clara 777:Sinoe 737:Irina 732:Gîsca 702:Cobza 528:«РБК» 329:Notes 194:with 182:/LOG/ 158:Fuels 144:SOCAR 1093:PEOP 1065:BRUA 1037:AMBO 1030:AGRI 934:Lira 902:Gina 839:Anca 541:2023 402:ТАСС 370:2023 81:and 834:Ana 825:A–E 707:D-T 697:C-T 692:B-T 682:A-T 210:А-1 196:bio 67:GDP 1202:: 599:. 514:^ 497:^ 452:^ 270:. 89:. 77:, 42:, 34:: 660:e 653:t 646:v 543:. 372:. 30:( 20:)

Index

LUKOIL Neftochim Burgas
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

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