SOFIA, June 30. /TASS/. The Lukoil Neftohim Burgas refinery will be able to purchase oil from any counterparty registered in Switzerland starting in early July, Bulgarian Deputy Prime Minister and Minister of Economy, Investment, and Industry Alexander Pulev announced at a briefing.
The announcement followed talks with representatives of Litasco (the refinery's owner), which were also attended by Prime Minister Rumen Radev.
"We held a constructive meeting with Litasco and reached an agreement on the operations of the company, which owns Lukoil's assets in Bulgaria. Some of the legal obstacles that significantly limited oil supplies and the price competitiveness of end products are being lifted," the Deputy Prime Minister said.
Evgeny Simeonov, trading asset manager at the Lukoil Neftohim Burgas refinery, clarified that the facility will be able to purchase oil from any counterparty registered in Switzerland starting July 1.
"This is a major victory that will help stabilize the plant's operations. Previously, due to market volatility, we processed heavier crude oil grades, which caused disruptions in the refining system and hampered operations," he explained.
