The Bulgarian Government adopted a decision to notify Lukoil Neftochim about the termination of the Rosenets oil port concession contract. The concession contract was terminated by amending legislation on control of the implementation of restrictive measures in view of Russia’s actions destabilizing the situation in Ukraine. Amendments to the legislation were adopted in July.
The concessions awarded for carrying out activities at strategic sites of national security importance affecting oil and petroleum products made from crude oil originating in Russia or exported from Russia shall be terminated within one week. The amendments effectively terminate Lukoil’s concession for the port of Rosenets.
