Bulgarian Court Launches Lukoil License Trial

Business » ENERGY | August 31, 2011, Wednesday // 08:57
Bulgarian Court Launches Lukoil License Trial: Bulgarian Court Launches Lukoil License Trial The Lukoil refinery (pictured) is the only one in Bulgaria. Photo by BGNES

The Sofia Administrative Court, SAC, is going to try Wednesday the two cases against the Lukoil Bulgaria company for the revocation of its license to operate excise warehouses.

The warehouses are located at the company's refinery in the Black Sea city of Burgas, which is the only one in the country, and the oil terminal Rosenets.

Until now the Court has only ruled that the refinery and the terminal can continue work while Lukoil is appealing the order of the Director of the Customs Agency, Vanyo Tanov, to revoke the license over the company's failure to install the mandatory electronic measuring devices.

If the magistrates decide Tuesday they have complete information on the case, they will have one month to issue a rule. But the trial will be postponed if there is not enough evidence.

The decisions of SAC will not bring the dispute to an end since they can be appealed with the Supreme Administrative Court, VAS.

The Lukoil saga emerged at the end of July when the Customs Head, Vanyo Tanov, issued an order to revoke Lukoil's license to operate excise warehouses over the company's failure to install the required devices within the deadline.

The Court, however, returned the license, and the refinery resumed fuel production.

One the very next day, the Commission for Protection of Competition announced they are beginning a probe to find out if there is a fuel cartel on the Bulgarian market.

Last week, US Ambassador in Sofia, James Warlick, toured the refinery in the company of the Lukoil CEO, Valentin Zlatev, who announced the devices will be mounted at the terminal within 3 years while those at the refinery will be installed by the end of 2011.

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: ambassador, James Warlick, James Pardew, private citizen, official, US, electronic measuring devices, investment, warehouse, excise, license, Vanyo Tanov, Customs Agency, Lukoil Neftochim, refinery, Lukoil, Valentin Zlatev, Rosenets oil terminal, refinery, Sofia Administrative Court, Supreme Administrative Court
Expats.bg All Are Welcome! Join Now!
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