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UK Extends License Allowing Transactions with Lukoil's Bulgarian Companies until October 29

bta.bg · 19h · first reportShare

The United Kingdom has extended until October 29 the general license allowing transactions with the Bulgarian subsidiaries of Russian oil giant Lukoil, after the previous authorization was due to expire on August 13, Bulgaria's Ministry of Economy, Investments and Industry said on Wednesday. Lukoil owns the Neftohim oil refinery in the Bulgarian Black Sea city of Burgas and a chain of around 500 filling stations across Bulgaria. The Russian company was sanctioned over its support for Moscow's war against Ukraine. The extension allows Lukoil's companies in Bulgaria to continue their operations despite the sanctions imposed by London on the Russian company in October last year. The extension had been requested by the Bulgarian side to align its validity period with a license issued by the US authorities, the Economy Ministry said. "We took the necessary steps to ensure security of supply and the smooth operation of the refinery," said Deputy Prime Minister and Economy Minister Alexander