Siamese: Lukoil refinery in Bulgaria is on the radar of Hellenic Energy – Economic Mail

With a vague statement, the CEO of Hellenic Energy left open the possibility of claiming oil giant Lukoil’s refinery in Burgas, Bulgaria.

During the analysts’ briefing on the occasion of the nine-month financial results announced by the Greek group, Mr. Andreas Ciamisi received a question about whether he was interested in acquiring the Lukoil refinery.

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On the radar

He did not deny the fact that the management of Helleniq Energy is closely following the developments of the sale of the specified asset.

It is noteworthy that Lukoil left Bulgaria after the Russian invasion of Ukraine and the refinery was transferred to the neighboring country.

Recently, Bulgarian Finance Minister Asen Vasiliev told the Financial Times that Lukoil is in the process of selling the only refinery in the neighboring country.

“We are monitoring developments closely,” Mr. Siamesis noted.

He added that the group’s plans include reducing its carbon footprint through the Vision 2025 investment plan and expanding its activities in the renewable energy sources and clean energy sectors.

Therefore, he also left open the possibility that the refinery would not be claimed in the end

Alexandroupoli – Burgas oil pipeline

We recall that on every occasion the Bulgarians raise the issue of building the Alexandroupolis-Burgas oil pipeline.

In this way, they seek to cover the deficit in their domestic market for petroleum products and eventual independence from Russia.

The information, without being confirmed, wants Helleniq Energy as well as the Kopelouzo Group to study this possibility to revive the old investment plan, but with the flow to the north.