Kazakhstan's state-owned oil and gas company KazMunayGas has reportedly offered $1 billion to buy Lukoil Neftochim Burgas, ...

The Hungarian oil company MOL has submitted an offer to purchase the largest refinery in Bulgaria, located near the port of ...

Kazakhstan’s KazMunayGas National Company JSC is bidding to purchase the Bulgaria-based refinery of Russia’s Lukoil PJSC, according to two people familiar with the negotiations.

Bulgaria’s Lukoil Burgas refinery continues to process Russian oil via shadow fleet transfers. EU sanctions have expanded to target 80 Russian vessels, but Bulgaria and other nations like ...

KazMunayGas, the state-owned oil company of Kazakhstan, is reportedly taking part in a tender to acquire the Bulgarian-based refinery of Russian oil giant Lukoil, known as Lukoil Neftokhim Burgas.

The national company KazMunaiGas (KMG) is discussing details of the purchase of an oil refinery in Bulgaria at the invitation of Lukoil, KMG's press service told Interfax-Kazakhstan.

The oil is transshipped in Bulgarian territorial waters, just a few kilometers from the port of Rosenets, which serves the refinery. This process, which takes place at sea, is intended to disguise ...

Hungary and Bulgaria are in a bind. With U.S. sanctions hitting Gazprombank—the go-to middleman for Russian gas payments—the two are scrambling to figure out how to keep the gas moving without ...

Even though the EU sanctions Russian oil, Bulgaria still allows crude to be processed at the Lukoil Burgas refinery. An investigation by Ukrainian journalist Mykhailo Tkach, working for the ...