Bulgaria Receives a Six-Month Extension of the Lukoil Exemption

The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury has extended the general license

Bulgaria Receives a Six-Month Extension of the Lukoil Exemption
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Автор: Economic.bg Economic.bg
Sanctions on Lukoil Neftochim

Bulgaria has received a six-month extension of the general license from the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury, which authorizes transactions with four Bulgarian companies belonging to the Lukoil Group. The license is valid through April 24, 2027.

The license extension covers the following companies:

  • “Lukoil Bulgaria” EOOD;
  • “Lukoil Neftohim Burgas” AD;
  • “Lukoil Aviation Bulgaria” EOOD;
  • “Lukoil Bunker Bulgaria” EOOD.

We have taken the necessary steps to ensure security of supply and the smooth operation of the refinery. This is an important step toward ensuring predictability and stability for the Bulgarian economy, businesses and citizens,” emphasized Alexander Pulev.

According to him this achievement is the result of consistent efforts and active dialogue with Bulgaria’s strategic partners.

Our priority remains security of supply, market stability and peace of mind for Bulgarian citizens and businesses,” stated the Deputy Prime Minister.

Translated with DeepL