Bulgaria to Seize and Sell Russian Refinery: New Owner Sought
Bulgaria’s bold plan to seize and sell the Russian-owned oil refinery is a complex move, driven by a confluence of factors ranging from geopolitical pressure to national energy security concerns. It appears the nation is taking decisive steps to gain control of Lukoil’s Burgas refinery, the only one in the country, and ultimately transfer ownership. This isn’t just a simple business transaction; it’s a strategic maneuver playing out against the backdrop of international sanctions and shifting energy dynamics.
The core of Bulgaria’s strategy is to introduce legal changes that will empower a special manager to step in and take over the operational reins of the refinery.… Continue reading
Matt Underwood