Bulgaria: uncertain future for the Burgas refinery

Lukoil Neftokhim Burgas refinery is located in Burgas, on the Black Sea coast. It is the largest refinery in Bulgaria and one of the largest in the Balkans, with an annual refining capacity of about 8 million tonnes of crude oil. The refinery and all its assets are owned by Swiss company Litasco SA, a subsidiary of the Russian oil and gas company Lukoil. It processes crude oil to produce a variety of products, including gasoline, diesel, jet fuel and other petrochemicals. The refinery is strategically important for Bulgaria's energy sector and plays a significant role in the country's economy.

The Russia-Ukraine conflict of 2022 and the subsequent sanctions on Russia have indirectly affected the refinery's operation