The Bulgarian Parliament has decided to reject President Rumen Radev's veto on a law that allows the government to take control of the Lukoil Neftochim Burgas refinery, the only refinery in the country, and to sell it to protect the asset from sanctions imposed by the U.S. These sanctions, which affect Lukoil and Rosneft, have raised concerns about fuel supply in Bulgaria.
The law approved by parliament grants a government-appointed manager the responsibility to ensure the operation of the refinery after November 21, the date when the sanctions will come into effect. Additionally, Lukoil has requested an extension of the deadline to liquidate its commitments. In Romania, the Ministry of Energy is working on a regulatory act to manage Lukoil's assets, considering the similar sanctions imposed by the U.S.