MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Bulgaria Discuss Impact of Early Ban on Russian Oil Imports

OIL

The Bulgarian government has discussed the impact and procedures for an early ban on the import of Russian crude and oil products ahead of the end of the EU exemption in Dec 2024 according to a statement on 21 Aug.

  • The Lukoil-owned 190kb/d Neftohim refinery near the port of Burgas is benefitting from cheap Urals crude transported to Bulgaria by tankers through the Black Sea.
  • The government's Security Council analysed the potential effects of an early termination and decisions will be taken at the next meeting and will be proposed to the government.
  • Lukoil has lost the concession to run the Rosenets oil terminal near Burgas. The country in February said it would start working with non-Russian oil as early as March to cut its dependence on Lukoil's refinery and import infrastructure.
  • The construction of the proposed Burgas-Alexandroupolis pipeline between the Aegean and Black Seas could secure alternative sources of crude oil supply for the refinery.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.