The energy titan has denounced Bulgaria’s decision to scrap its exemption from an EU ban on Russian oil imports ahead of schedule Russian energy major Lukoil has warned that Bulgaria’s decision to terminate its exemption from an EU embargo on Russian oil ahead of schedule will jeopardise operations at the country’s sole refinery, and poses risks to the nation’s fuel market. Neftochim Burgas, Bulgaria’s largest refinery, is majority-owned and operated by Lukoil, a Russian private oil and gas corporation. The likely halt in production at the facility carries logistical risks that could cause a fuel supply crisis in
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