Bulgaria's Energy Boost: UK Lifts Lukoil Sanctions

Bulgaria receives three-month sanctions reprieve from Britain, allowing Lukoils local subsidiaries to continue operations. The largest oil refinery in the Balkans, located near Burgas, is crucial for the nations energy sector. Bulgarian officials anticipate a similar extension from the U.S. Treasury. Rumen Spetsov appointed as new commercial manager, and lawmakers overturn presidential veto to potentially sell the refinery, aiming to protect it from future sanctions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.