Bulgaria Faces Monthly Losses of 50 Million Euros Due to Lukoil Export Ban, Says Ex-Energy Minister
Former Energy Minister Alexander Nikolov has warned that Bulgaria could face substantial economic losses due to the recent parliamentary decision to ban Lukoil from exporting diesel and aviation fuel. Speaking on bTV, Nikolov emphasized the central role of the Burgas refinery, noting that it is, directly or indirectly, the largest taxpayer in the country and a critical contributor to the functioning of the state budget.
Nikolov estimated that a potential halt in the refinery’s operations could cost the state up to 1 billion euros....