Russian oil company Lukoil announced that it may pursue legal action if it determines that its rights or legitimate interests have been infringed. The statement came after Bulgaria decided to transfer management authority over Lukoil Neftochim Burgas, Lukoil Bulgaria, and several affiliated companies to a special commercial administrator, effective 17 November 2025.
Lukoil stressed that it expects the newly appointed administrator to operate strictly within the law and ensure that all business activities proceed without interruption. The company emphasized the importance of maintaining stable fuel supplies to the Bulgarian market, meeting all tax obligations, and preserving existing social policies toward employees at the Burgas refinery.
Earlier this week, Rumen Spetsov, the newly designated special commercial administrator, issued a statement through Lukoil Group’s communications office in Bulgaria. He assured the public that the companies will uphold stability in the energy sector and provide transparent communication regarding all actions related to the new regulatory framework. Spetsov added that operational and commercial activities will continue as usual, supported by enhanced financial oversight and full compliance with international sanctions and regulatory requirements.
Lukoil also highlighted that Lukoil International, the entity responsible for its Bulgarian subsidiaries, has received a General License from the U.S. Treasury’s Office of Foreign Assets Control (OFAC). The authorization, valid until 13 December 2025, is intended to facilitate the company’s ongoing efforts to divest its international assets. According to Lukoil, the sale of its Burgas refinery, retail network, and related Bulgarian operations is progressing, and it expects the administrator’s involvement not to hinder this process.
Spetsov’s appointment, along with expanded administrative powers introduced through recent legislative amendments, was expedited following the U.S. sanctions imposed on Lukoil on 22 October.
