Ex-PM Demands Lukoil Bulgaria's Crude Import Contracts

Business » ENERGY | May 29, 2015, Friday // 06:50
Bulgaria: Ex-PM Demands Lukoil Bulgaria's Crude Import Contracts Former Bulgarian PM Ivan Kostov. Photo by BGNES

Former Bulgarian Prime Minister Ivan Kostov has asked the head of a Burgas-based Lukoil refinery for access to import contracts of crude oil.

The latest development comes as part of a dispute between Lukoil Bulgaria and Kostov's think-tank, the Risk Management Lab, which alleges that the Russian oil giant has been manipulating oil prices in the country, affecting households and business competitiveness alike.

In turn, Lukoil has threatened to sue Kostov over spreading false information that is damaging to the country's business.

The claims are based on figures about differences in prices of the Urals crude, with Lukoil supposedly writing them up while importing the crude into Bulgaria.

According to the news website Dnevnik.bg, the former PM asked the Chair of Lukoil's Managing Board, Sergey Andronov, to hand out import contracts dated between 2006 and December 31, 2014.

He had earlier told Offnews that the Risk Management Lab would take note of any instance of incorrect information pointed to by Lukoil or to "anyone who would like to scrutinize our calculations and analyses".

In his words, the Risk Management Lab needs Lukoil's import contracts to verify them with the information provided by Bulgaria's Customs Agency and either find out that the latter is correct or point more precisely to the difference in prices.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Energy » Be a reporter: Write and send your article
Tags: Ivan Kostov, Lukoil, Lukoil Bugaria, Sergey Andronov

Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria