Bulgaria's Lukoil Refinery Slashes Costs By $8 Million

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Bulgaria's Lukoil Neftohim Burgas refinery has saved $8 million in two months by cutting costs, mainly through scrapping commission fees paid to a middleman, and has further stabilized its financial position through deferred payments and barter deals.

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Market impact analysis based on bullish sentiment with 85% confidence.

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Bullish
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85%
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Bulgaria’s Lukoil Neftohim Burgas refinery has saved $8 million in just two months after dropping its Swiss-based trading intermediary Litasco SA, with Special Commercial Administrator Rumen Spetsov telling Russia’s parliamentary committee that the savings came mainly from scrapping commission fees previously paid to the middleman between the refinery and Lukoil’s oil reserves, Novinite reported on Thursday. Spetsov said the refinery's financial position has further stabilized through deferred payments and barter deals (exchanging…

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المقال الأصلي منشور بواسطة OilPrice.com في فبراير 19, 2026.
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