US extends Lukoil’s Neftohim operations in Bulgaria for six months

US extends Lukoil’s Neftohim operations in Bulgaria for six months

The US Department of the Treasury has extended until April 2027 the license for certain types of transactions with foreign subsidiaries of Russia’s Lukoil, which also allows Lukoil’s subsidiaries in Bulgaria to continue operations, the Bulgarian agency BTA reported today.

The new license issued by the US Office of Foreign Assets Control (OFAC) will enable the continued operation of the Burgas petrochemical complex on the Black Sea, an extensive network of gas stations, and companies supplying fuel to aviation and the navy. The new license will replace the previous one, which was also issued for six months in April and was set to expire today, BTA writes. The agency notes that the US decision to allow the continuation of certain

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