π Tender Overview
The Office for the Implementation of Financial Sanctions (OFSI) at the Ministry of Finance of Great Britain has extended by four months until February 26, 2027, the term of the license that allows the carrying out of business operations related to the companies of the Lukoil group in Bulgaria.With the license, the British side continues to allow business operations with Lukoil Bulgaria EOOD, Lukoil Neftohim Burgas AD, Lukoil Aviation Bulgaria EOOD and Lukoil Bunker Bulgaria EOOD.The decision is an important step to ensure stability and predictability for the activities of companies in the country, as well as to guarantee the security of crude oil supplies and the trouble-free operation of the refinery in Burgas.We have taken the necessary actions to ensure the security of supplies and the trouble-free operation of the refinery. The extension of the license is the result of the active dialogue at the government level under the auspices of Prime Minister Rumen Radev and the conversations held with British partners and the British Embassy in Sofia, said Deputy Prime Minister and Minister of Economy, Investments and Industry Alexander Pulev.He said the extension was essential to the continuation of key business operations, including crude oil deliveries and tanker insurance.British insurers are essential to the functioning of the supply chain, insuring over 90% of tankers delivering crude oil. Maintaining the ability to work with British companies and partners linked to the United Kingdom is an important condition for ensuring business continuity, Pulev pointed out.The Deputy Prime Minister emphasized that the Bulgarian government will continue to work in close cooperation with international partners to guarantee the security of supplies and the stability and interests of the Bulgarian economy and consumers.