Bulgaria as a Science

November 2, 2005

LUKoil Bulgaria to invest 40 mln levs in petrol stations

Filed under: News - Bulgarolog @ 6:34 am

Russian oil producer LUKoil will invest 52 mln levs in its refinery in the Bulgarian coastal city of Bourgas by the end of this year, completing ahead of schedule its five-year investment program for the plant, LUKoil Bulgaria general director Valentin Zlatev told the 7th Southeast Europe Economic Forum on Tuesday, November 1.
In 2006 the company plans to invest 38-42 mln levs in its Bulgarian network of petrol stations […]

Russian oil producer LUKoil will invest 52 mln levs in its refinery in the Bulgarian coastal city of Bourgas by the end of this year, completing ahead of schedule its five-year investment program for the plant, LUKoil Bulgaria general director Valentin Zlatev told the 7th Southeast Europe Economic Forum on Tuesday, November 1.

In 2006 the company plans to invest 38-42 mln levs in its Bulgarian network of petrol stations in this country. First, however, the Russian Board of Directors should okay the spending.

During his forthcoming visit here this month LUKoil president Vagit Alekperov will discuss with Zlatev whether LUKoil Bulgaria should extend its 15-year contract with Naftex Petrol under which it uses the fuel outlets of rival companies or should launch more filling stations under its own brand.(Dnevnik)

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