Fri, Jul 29 2011 10:10 CET
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OPPOSING SIDES: Finance Minister Simeon Dyankov, left, has steadily pushed his agenda to maximise Budget revenues. Lukoil and its senior official in Bulgaria, Valentin Zlatev, right, have repeatedly asked for more time to implement the measures.
news 26 Jan 2012 / 11:32
Bulgaria’s Lukoil Neftochim Refinery, a subsidiary of the Russian energy giant, has kicked off a massive investment in a hydrocracking catalyst installation that will process petroleum waste.
The $1.5 billion investment represents 10 per cent of Russia company Lukoil’s global projected investments for the next ten years.
Lukoil Neftochim Burgas and Italian company Technip signed Wednesday a contract worth 950 million for the construction of the hydrocracking facility.
The contract was signed in the Bulgarian Black Sea city of Burgas in the presence of Lukoil’s Bulgarian and Russian leaders, and Bulgarian officials.
The new hydrocracking plant will be the tenth in the world, and the largest one in Eastern Europe; similiar facilities already exist in the USA, Mexico, Canada, Poland, Japan, and Kuwait.
The Lukoil Neftochim refinery is to launch the hydrocracking facility in 37 months and the construction phase is to create 3,000 jobs in the Burgas region in construction, transport, logistics, and machine-building, Lukoil officials said.
Once completed, the new installation will substantially reduce the refinery’s output of greenhouse gases, and will replace existing waste processing installations using older technology.
Photo: Anelia Nikolova
Government officials have described the shutdown of Bulgaria’s sole petrol refinery as proof that no one was above the law, but the decision also has given rise to fears that it would lead to an increase in fuel prices at a time when many Bulgarians holiday on the Black Sea and spend extra on petrol.
Economy and Energy Minister Traicho Traikov moved swiftly to quash any speculation, saying on July 28 that the Cabinet was prepared to sell part of the state reserves should prices jump without any justification.
The state reserves were enough to cover Bulgaria’s full petrol consumption for 85 days or six months‘ worth the output of Neftochim, the Bulgarian refinery of Russian oil giant Lukoil, he told Nova Televisia.
Prime Minister Boiko Borissov also dismissed any concerns as unfounded, telling public broadcaster Bulgarian National Television that a crisis would be made possible if the media inflated the issue.
The Customs Agency withdrew Lukoil’s licence to operate a tax warehouse, defined in European Union regulations as „premises approved for the production, holding and movement of excise goods“, on July 26. The decision had immediate effect and would stay in force even if Lukoil chose to appeal against it in court, Customs Agency director Vanyo Tanov said.
Legislative amendments approved in 2010 required facilities that produce or store spirits and fuels should have meters that monitor the quantities, in order to calculate the exact amount of taxes and excise duties owed to the Budget. The deadline for installing such meters was September 2010, but Lukoil Neftochim asked for a further delay of implementation until the end of 2011, which was denied.
„The Cabinet is enforcing the rule of law, as we promised our voters. I hope that the refinery understands this and meet the legal requirements in the quickest way possible,“ Borissov said on July 27.
On July 27, a meeting between Tanov, Finance Minister Simeon Dyankov and Valentin Zlatev, general director of Lukoil’s retail arm in the country, Lukoil Bulgaria, who is also on the Lukoil Neftochim board of directors, was widely expected to result in a stay of execution for the refinery. After the meeting, Zlatev said that the company was complying with the Customs Agency’s order and was in the process of shutting down operations.
A second meeting was scheduled for July 28 but did not happen, amid media reports that a team of senior officials from Lukoil arrived in Bulgaria for talks on the issue.
Lukoil Bulgaria and Lukoil Neftochim, Bulgaria’s largest companies by revenue in 2010, have come under fire earlier this year for petrol price hikes, with motorists holding protest rallies on several occasions.
Change follows incidents of food poisoning at children’s holiday camps
Food Safety Agency inspectors ordered the destruction of food at the camp in Obzor
Lukoil and the Albanian Mafia, with „Roksped“ and Stanaj Mafia in Podgorica.
LukOil kauft Tankstellen in Montenegro
EMFIS.COM – Moskau 08.04.08 Der russische Ölproduzent LukOil hat die montenegrinische Tankstellenkette Roksped von der Roko Stanai für 26,5 Mio. Euro übernommen.
Die Kette wird zukünftig unter der dem Namen Lukoil Montenegro firmieren. Die österreichische OMV und die ungarische MOL waren ebenfalls an der Rosped interessiert.
Naftna kompanija „Lukoil-Beopetrol od sutra ?e sniziti cene evrodizela „evro 5“ za dva dinara, a dizela D-2 za tri dinara po litru.
Kako je saopteno iz te kompanije, voza?i ?e od sutra na benzinskim stanicama „Lukoil-Beopetrola“ mo?i da kupe evrodizel po ceni od 103,90 dinara za litar, a dizel za 92,50 dinara za litar
Croatian oil company to sue Serbia
2 August 2010 | 09:57 | Source: Tanjug, HRT
ZAGREB — Croatian oil company Ina will be asking a Belgrade court to give 167 gas stations and EUR 117mn back to the company.
Ina is also asking for EUR 90mn for losses incurred from control being assumed over them in the sale of Russian Lukoil, Croatian Radio Television (HRT) reported.
HRT said that the Serbian government (after the breakup of former Yugoslavia) assumed control over the gas stations and along with Beopetrol, sold them to Russian Lukoil, adding that „no one wants to comment on the case in Serbia“.
The Croatia-based oil company claims that it would not be giving up on the case and that it is ready for the next hearing in September.
When Beopetrol was being sold to Lukoil, current Prime Minister Mirko Cvetkovi was at the head of the Privatization Agency.
Former Serbian government energy advisory, Zorana Milanovi, said that the sale was „problematic“, but that Lukoil is not responsible for the problem, pointing the finger at the Serbian side.
HRT said that the court case could last for years and that the Serbian government undertook an obligation in its contract with Lukoil that it would pay all possible court costs.
In Bulgarien wird auch investiert
Lukoil Bulgaria Refinery Invests in Upgrade
01 July 2008 Sofia _ Bulgarian refinery Neftochim Burgas, controlled by Russia’s Lukoil, will invest 158 million this year to produce cleaner motor fuels and meet EU emission standards.
„The refinery will use most of the funds this year to upgrade and build new hydrocrackers to meet European Union standards as of 2009,“ the refinery spokeswoman said.
Russian giant Gazprom is preparing to enter Bulgarias motor fuel retail market
>bne – 18.11.2011
Russian giant Gazprom, the sole supplier of natural gas to Bulgaria, is preparing to enter the Balkan country’s motor fuel retail market on which it targets a share of five to eight percent, Sofia-based Capital Daily reported on November 16.
Gazprom Neft, the oil arm of Russian gas Gazprom, has already launched its expansion in Bulgaria through its Serbian unit, Naftna Industrija Srbije (NIS) which has sealed deals for the purchase of several small filling stations in Bulgaria. Among them is not Bulgaria’s Petrol which reportedly urgently needs money to repay a EUR100 m bond.
NIS will operate in Bulgaria through its local unit NIS Petrol EOOD which was registered in late August. Gazprom Neft acquired 51% of NIS shares in 2009.
Bulgaria has 3,122 filling stations. The local arms of Lukoil, OMV, Rompetrol and Petrol’s subsidiary Naftex Petrol control a combined share of over 60% of the Bulgarian motor fuel retail market according to data of the Bulgarian anti-trust watchdog. Other big players include Shell Bulgaria and Eko-Elda Bulgaria, a subsidiary of Greek Hellenic Petroleum Group, which has a market share of around 7%………..