site.btaPrime Minister, Lukoil Discuss Transition to Non-Russian Oil
Lukoil Neftochim Burgas will fulfill its commitment to switch to non-Russian oil, stated representatives of the company at a meeting with Prime Minister Nikolay Denkov on Wednesday, quoted by the government’s press service. Reasonable timelines for completing this transition before the expiry of the derogation allowed by the European Commission (EC) until the end of 2024 were discussed at the meeting. The parties agreed to continue the dialogue on this matter.
The reason for the conversation on this topic was the proposal for an early termination of the exemption from the European oil embargo for Russia, submitted to Parliament before its summer vacation by MPs from GERB-UDF, Continue the Change - Democratic Bulgaria and the Movement for Rights and Freedoms.
The Prime Minister raised the question of regular payment of advance taxes that Lukoil owes to the state budget. In addition to the 10% corporate tax, by law the company must pay another 33% temporary solidarity contribution. The Lukoil representatives confirmed their readiness to fulfil their obligation in accordance with the requirements of the law.